EURJPY

EURJPY

The EURJPY has been decreasing for four weeks. In case of the intraday downward trend continues we will watch 118.39 key support level. However, as long as the pair stays above that level daily basis, we expect the downward trend to be limited. In this case, we will face 119.68 and 121.02 as resistance levels. On the other hand, if the price falls below 118.39, the next support level will be at 117.40

Support:  118.39 – 117.40 – 116.25

Resistance: 119.68 – 121.02 – 122.18

22 Feb 17 (Wed)

11:38 am



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