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-   -   EURJPY: Weakens, Threatens Move Towards The 128.79 Area (https://www.forexlasers.com/forums/forex-analysis/6065-eurjpy-weakens-threatens-move-towards-128-79-area.html)

FXTechstrategyT 31-08-2018 14:22

EURJPY: Weakens, Threatens Move Towards The 128.79 Area
 
EURJPY: The pair looks to weaken further leaving risk of a move towards the 128.79 zone on the cards. Support comes in at the 128.50 level where a break if seen will aim at the 128.00 level. A cut through here will turn focus to the 127.50 level and possibly lower towards the 127.00 level. On the upside, resistance resides at the 129.50 level. Further out, we envisage a possible move towards the 130.00 level. Further out, resistance resides at the 130.50 level with a turn above here aiming at the 131.00 level. On the whole, EURJPY continues to face further downside pressure on correction.

http://www.fxtechstrategy.com/wp-con...JPYDaily-3.png


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