None
ES
Yen Roars, EUR/JPY Sinks: Bearish Slide Targets 170
[]
EconoTimes RSS
EURJPY lost its shine on board-based Yen buying.
It hits an intraday low of 172.29 and is currently trading at approximately 172.53.
Intraday outlook remains bearish as long as the resistance at 173.25 holds.
Technical Analysis:The EUR/JPY pair is trading below 55 EMA, 200, and 365-H EMA on the 1-hour chart.
Near-Term Resistance: Around 173.20,a breakout here could lead to targets at 174/1975.10/176/176.80.