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19 Mar 2015
EUR/JPY: Back into the hands of the bears
FXStreet (Guatemala) - EUR/JPY is currently trading at 128.58 with a high of 130.85 and a low of 128.36.
The markets have been volatile since the FOMC and the greenback has been thrown around the boundaries, both higher and lower of the ranges across the board.
EUR/JPY is down along with the euro as a result of the lower boundaries being tested of the greenbacks counterparts with bears chasing the dollars losses down from 1.10 territory and back into the bearish levels on 1.0620 support, notably below the 100 and 200 hr MA's. The EUR/JPY was scoring 131.70 yesterday, through the three month downtrend but the correction is just as aggressive right back down to current lows and while below 131.22, the picture is bearish.
The markets have been volatile since the FOMC and the greenback has been thrown around the boundaries, both higher and lower of the ranges across the board.
EUR/JPY is down along with the euro as a result of the lower boundaries being tested of the greenbacks counterparts with bears chasing the dollars losses down from 1.10 territory and back into the bearish levels on 1.0620 support, notably below the 100 and 200 hr MA's. The EUR/JPY was scoring 131.70 yesterday, through the three month downtrend but the correction is just as aggressive right back down to current lows and while below 131.22, the picture is bearish.