Technical Analysis

EUR/JPY rebounds from test of the March lows

EUR/JPY up 55 pips today

EUR/JPY longs are the top trade today as the pair benefited from a technical backstop at the March lows just under 124.00.

The pair is up 54 pips to 125.00. It’s the second day of gains after a three-day slump last week.

In the bigger picture, the yen crosses are moving in a bit of a bloc as the ebb and flow in risk trades, yields and global equity markets bounce around.
ForexLive

Articles You May Like

China says never posed requirement to fire Houston Rockets GM Daryl Morey
AUD/USD trades around 0.6780 as focus shifts to RBA minutes
France September final CPI -0.3% vs -0.3% m/m prelim
LIVE Forex Trading – NY Session 15th October 2019
Sterling Price Outlook: British Pound Breakout Throttles Higher

Leave a Reply

Your email address will not be published. Required fields are marked *