EUR/JPY breakout below the 137.40 support level with strong bearish momentum today. The pair set to continue the downward movement to target the 134.50 – 135.00 area. Traders will stay cautious for now as the pair formed a lower low and lower high on the chart. In the next bullish bounce, the pair need to print a higher high to cancel the current bearish trend.
Today’s critical levels to watch:
Support: 135.00, 134.50
Resistance: 137.40, 140.50, 145.00, 148.50, 151.50
fIRST TARGET
131,80
Today’s critical levels to watch:
Support: 135.00, 134.50
Resistance: 137.40, 140.50, 145.00, 148.50, 151.50
fIRST TARGET
131,80