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18 Mar 2015
EUR/JPY:
FXStreet (Guatemala) - EUR/JPY is currently trading at 128.71 with a high of 128.24 and a low of 128.26.
EUR/JPY is steady at 128.80 resistance while the minor recovery has been capped and the longer term bearish trend dominates. the main event for markets this week is not long away today in the form of the FOMC. Expectations for the forward guidance to have the word patience removed is key, and if it is not, the Yen may find some demand as the greenback is sold off
EUR/JPY is technically on a slight recovery near term, as noted by Karen Jones, chief analyst at Commerzbank. "This is viewed as a correction only, but the move is starting to gain traction. Rallies will find initial resistance at 130.16, the January low and at 131.50, the 3 month downtrend, which is expected to cap".
EUR/JPY is steady at 128.80 resistance while the minor recovery has been capped and the longer term bearish trend dominates. the main event for markets this week is not long away today in the form of the FOMC. Expectations for the forward guidance to have the word patience removed is key, and if it is not, the Yen may find some demand as the greenback is sold off
EUR/JPY is technically on a slight recovery near term, as noted by Karen Jones, chief analyst at Commerzbank. "This is viewed as a correction only, but the move is starting to gain traction. Rallies will find initial resistance at 130.16, the January low and at 131.50, the 3 month downtrend, which is expected to cap".