Friday, October 16, 2026

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EUR/JPY overnight bounce reversed; 132.80 key below

EUR/JPY overnight bounce on fresh JPY sales & Asian EUR/USD recovery; latter reversed H&S top formation on dailies awaits confirmation with break below 132.80 100-DMA & 38.2% of the Apr-May uptrend are by 132.80 now 134.…

By Jay L. Zagorsky
1 min read
EconoTimes — Reading the Times. Understanding the Future.

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  • EUR/JPY overnight bounce on fresh JPY sales & Asian EUR/USD recovery; latter reversed

  • H&S top formation on dailies awaits confirmation with break below 132.80

  • 100-DMA & 38.2% of the Apr-May uptrend are by 132.80 now

  • 134.80 overnight high shy of Tenkan at 135.03 and offers into the figure 

  • 125 likely to cap USD/JPY near-term & be weight on EUR/JPY afterward

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