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EUR/JPY oversold pressures offsetting for now

Source: Thomson Reuters Oversold daily & weekly oscillators underpin EUR/JPY Short-Term; 129.05 Mar 13 high nearby pivot A close above 129.05 would target 129.95/97 - Mar 11 hi & 61.8% of 131.87-126.92 Key target at dail…

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EUR/JPY oversold pressures offsetting for now
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Source: Thomson Reuters


  • Oversold daily & weekly oscillators underpin EUR/JPY Short-Term; 129.05 Mar 13 high nearby pivot

  • A close above  129.05 would target 129.95/97 - Mar 11 hi & 61.8% of 131.87-126.92

  • Key target at daily Kijun & 50% of 136.70-126.92 at 130.81 

  • Long-Term chart supports breached last week, but oversold pressures offsetting for now

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