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EUR/JPY slips, key 138 supports back in play

EUR/JPY Jun 12 low, 38.2% of May-Jun rise & up TrendLine from Apr all by 138 on Wed EUR/USD bulls demoralized by topside failure despite good PMIs & Greece 200-DMA at 137.32, 50% Fibo & Kijun at 137.08 if 138 is broken b…

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  • EUR/JPY Jun 12 low, 38.2% of May-Jun rise & up TrendLine from Apr all by 138 on Wed

  • EUR/USD bulls demoralized by topside failure despite good PMIs & Greece

  • 200-DMA at 137.32, 50% Fibo & Kijun at 137.08 if 138 is broken below

  • Recent rejections shy of June's 141.02/06 double-top strands recent longs

  • EUR sold despite, or because of, Greek deal hopes, as FX hedges surge

  • EZ stocks & peripheral bonds rally, though Bund yields up on core spreading

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