17 Jul 2015
EUR/JPY due a reversal? - CB
FXStreet (Guatemala) - Karen Jones, chief analysts at Commerzbank explained that EUR/JPY is grinding slowly lower, but continues to have little impact on the chart.
Key Quotes:
"The market continues to consolidate below the 137.12 200 day ma."
"Given the robust rebound recently from the 133.10/57 support (Fibo and May low), we suspect that the 137.13 200 day ma will come under further attack . "
"A break above here will introduce scope to the 140.70/141.06 recent highs, which is again expected to act as tough resistance for the market. Dips lower are indicated to find some support around 135.00/133.88 ahead of 133.57/10."
Key Quotes:
"The market continues to consolidate below the 137.12 200 day ma."
"Given the robust rebound recently from the 133.10/57 support (Fibo and May low), we suspect that the 137.13 200 day ma will come under further attack . "
"A break above here will introduce scope to the 140.70/141.06 recent highs, which is again expected to act as tough resistance for the market. Dips lower are indicated to find some support around 135.00/133.88 ahead of 133.57/10."