FXStreet (Bali) - EUR/JPY remains pressured, although a break below 136.20 is now required to confirm a downward continuation, according to Valeria Bednarik, Chief Analyst at FXStreet.



Key Quotes



"The EUR/JPY eased down to 136.36 before bouncing some back, maintaining the overall bearish tone as per posting a lower low daily basis. The hourly chart shows price right around its 100 SMA that maintains a bearish slope, with 200 one around 137.10, reinforcing the strength of the static resistance area."



"In the same time frame, indicators are losing their upward strength below their midlines, meaning if price fails to extend its advance, further slide are in the scheme."



"In the 4 hours chart technical readings present a neutral stance adding not much to the shorter term one. At this point, a break below 136.20 is required then to confirm a downward continuation, eyeing a retest of last week low of 135.72."



You May Also Like

COMPANIES IN THIS ARTICLE
Related Forex Analysis
  1. Forex News

    Global Economy, Central Banks Look for Further Improvement in GDP Data

  2. Forex News

    USD/JPY bids up to challenge 124 handle

  3. Forex News

    USD/JPY rises to 124.00 as Fed gives no clues about September

  4. Forex News

    USD/JPY approaches 124.00; Fed decision eyed

  5. Forex News

    US Dollar Risks to the Downside on a Break of these Key Levels

Trading Center
×

You are using adblocking software

Want access to all of Investopedia? Add us to your “whitelist”
so you'll never miss a feature!