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EUR/JPY up TrendLine off May lows by 134 & oversold hourlies prompt rebound

ECB jawboning, weak ZEW & resumption of EUR asset buy/hedging weighs on EUR/JPY Overbought bearish divergence sells on dailies & yield spread drop are bearish Markets repricing ECB QE flows, yield & EUR rebound impact on…

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  • ECB jawboning, weak ZEW & resumption of EUR asset buy/hedging weighs on EUR/JPY 

  • Overbought bearish divergence sells on dailies & yield spread drop are bearish

  • Markets repricing ECB QE flows, yield & EUR rebound impact on EUR econ Medium-Term

  • Up TrendLine off May lows by 134 & oversold hourlies prompt rebound; 135.20-35 a fade

  • Close below Tenkan at 135.22 may trigger a Kijun & 50% Fibo test at 131.52

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