19 Feb 2015
EUR/JPY chopping out the downside
FXStreet (Guatemala) - EUR/JPY is currently trading at 135.20 with a high of 135.95 and a low of 134.94.
EUR/JPY is chopping away at the downside with a weaker euro upon the uncertainty over he recent rejection from the Germans of Greece's request for a bail out extension that was not in line with Monday's meeting and previous dialogue.
Meanwhile, technically, the elliot wave counts are pointing towards a negative bias and longer term, according to Karen Jones, chief analyst at Commerzbank, 128.52/34 region comes into play as the 200 month moving average.
EUR/JPY is chopping away at the downside with a weaker euro upon the uncertainty over he recent rejection from the Germans of Greece's request for a bail out extension that was not in line with Monday's meeting and previous dialogue.
Meanwhile, technically, the elliot wave counts are pointing towards a negative bias and longer term, according to Karen Jones, chief analyst at Commerzbank, 128.52/34 region comes into play as the 200 month moving average.