Euro / Japanese YenShort
EURJPY 138.68: Completed double top drives lower near term
EURJPY completed a double top under 141.04/141.01 (as shown on the 240 minute chart) on breaking below 139.02 to suggest near-term topping and offer scope for further downside towards the 138.03 support near 38.2% of the 133.09/141.04 upleg. Below lies the 136.95 key support level near 50% of the 133.09/141.04 upleg and the 2-month rising trendline (linking 126.08/133.09) which could contain weakness. The 139.02/139.28 resistance zone should cap bounces. A clean move back above the 139.28 area would stabilize.
Short term: bearish
Long term: neutral
Short term: bearish
Long term: neutral
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.