EUR/JPY struggling with the 100-day MA.Capped at 103.28, the EUR/JPY eventually gave in to selling pressure as investors seem unprepared to see the cross operating consistently above the 100-day MA.

Except for the 31-Oct BoJ intervention spike, the EUR/JPY has been trading below the 100-day MA since July, then at 116.42.

At the moment of writing, the pair is quoting at 102.58. there are resistances at 103.25, 103.55 and 104.00. On the downside, supports might act at 102.85, 102.20 and 101.75.


Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: