Daily Pivots: (S1) 121.72; (P) 121.93; (R1) 122.16; More…. EUR/JPY lost much downside momentum as seen in 4 hour MACD and intraday bias is turned neutral. Deeper decline would remain in favor as long as 125.08 resistance holds, even in case of strong recovery. Break of 121.63 will resume the fall from 127.07, to 61.8%
The post EUR/JPY Daily Outlook appeared first on Action Forex.
Daily Pivots: (S1) 121.72; (P) 121.93; (R1) 122.16; More…. EUR/JPY lost much downside momentum as seen in 4 hour MACD and intraday bias is turned neutral. Deeper decline would remain in favor as long as 125.08 resistance holds, even in case of strong recovery. Break of 121.63 will resume the fall from 127.07, to 61.8% […]
The post EUR/JPY Daily Outlook appeared first on Action Forex.