9 Mar 2015
EUR/JPY: Eyes are on the 200 month MA below 130.00
FXStreet (Guatemala) - EUR/JPY is currently trading at 131.03 with a high of 131.04 and a low of 130.70.
EUR/JPY is not making much in the way of headway as we move up to the 131 handle ahead of 131.20. The mood is bearish over the EZ despite there being improvements in data of late from the European Union. We are now into full QE with the ECB commencing purchases of public and private debt in the secondary markets.
EUR/JPY is technically trading in negative grounds with a heavy slide down on to 133.90, before a slight correction to 134.50 territory at the start of this month only to find sellers interest again targeting a break for below the 130.00 level for a move onto the 200 month ma and Fibonacci retracement at 128.14/52 (38.2% retracement of the move up from 2012).
EUR/JPY is not making much in the way of headway as we move up to the 131 handle ahead of 131.20. The mood is bearish over the EZ despite there being improvements in data of late from the European Union. We are now into full QE with the ECB commencing purchases of public and private debt in the secondary markets.
EUR/JPY is technically trading in negative grounds with a heavy slide down on to 133.90, before a slight correction to 134.50 territory at the start of this month only to find sellers interest again targeting a break for below the 130.00 level for a move onto the 200 month ma and Fibonacci retracement at 128.14/52 (38.2% retracement of the move up from 2012).