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EUR/JPY remains offered, focus on 130.23, 129.75 pivots

Source: Thomson Reuters Intra-day drop weighs on EUR/JPY; focus on 130.23, 129.75 pivots Jan 2015 low of 130.16 is also a target Long black hourly candlestick line signals bulls still in control Nikkei futures has eased …

By Jay L. Zagorsky
1 min read
EUR/JPY remains offered, focus on 130.23, 129.75 pivots
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Source: Thomson Reuters


  • Intra-day drop weighs on EUR/JPY; focus on 130.23, 129.75 pivots

  • Jan 2015 low of 130.16 is also a target

  • Long black hourly candlestick line signals bulls still in control

  • Nikkei futures has eased since Mon; has negative relationship with cross

  • 30-day log correlation between Nikkei futures & cross -0.55

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