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EUR/JPY probes lower 21-mo Bolli at 126.95, oversold weeklies prop

Source: Thomson Reuters EUR/JPY reversed spike below Mar low on Hamada's comment, but main trend is down Probes lower 21-mo Bolli at 126.95; 2-yr yield spreads all-time lows Monthly Kijun capped March's high; Cloud top n…

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EUR/JPY probes lower 21-mo Bolli at 126.95, oversold weeklies prop
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Source: Thomson Reuters


  • EUR/JPY  reversed spike below Mar low on Hamada's comment, but main trend is down

  • Probes lower 21-mo Bolli at 126.95; 2-yr yield spreads all-time lows

  • Monthly Kijun capped March's high; Cloud top not until 116.69

  • Risk of an oversold weekly bounce by 76.4% of 118.74-149.79 rise at 126.07

  • Better historical supports by 125 from Apr & Jun '13 swing lows

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