EUR/JPY Surges as Yen Weakens

Published: Jul 26, 2021, 11:00 UTC•1min read

EUR/JPY is trying to breakout above the W L3 which became a support. We could see further strength if the neckline breaks.

Mentioned in Article

EUR/JPY

+1.15

The POC is a bouncing zone. 129.65-75 where buyers are. Look for a trend line break and continuation of the move. Targets are 130.42, 130.58 and potentially 131.05. Only if the price breaks below 129.65 we could see a move down which will be a sign of Yen strength.

For a look at all of today’s economic events, check out our economic calendar.

Know where Markets is headed? Take advantage now with

Your capital is at risk

Cheers and safe trading,

Nenad

Don't miss a thing! Sign up for a daily update delivered to your inbox