EUR JPY Fall below the handle in Forex market 1
9/8/2017 2:26:53 PM
The EUR lost some ground against JPY, with the EUR/JPY cross now descending below the key 130.05 psychological mark.
Immediate support is fixed near the 129.55-45 region, below which the cross is probable to turn at risk to break below the 129.08 handle and test 128.73 horizontal support.
“On the upside, any recovery up-move now appears to provoke some fresh supply near the 130.33-46 area, which if cleared could help the cross to make a fresh effort towards successful the 131.11 handle.”
FOREX market analysis by FxErvin.