Friday, October 16, 2026

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EUR/JPY weighed by trendline, 133s emerge

Cross extends south. The kijun line is just below market at 133.90 and dropping The 50% fibo of the 130.16/136.70 move supports below at 133.43 Day trend indicators show continuous downside risk Looks to use corrective r…

By Meredith J C Warren
1 min read
EUR/JPY weighed by trendline, 133s emerge
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  • Cross extends south. The kijun line is just below market at 133.90 and dropping

  • The 50% fibo of the 130.16/136.70 move supports below at 133.43

  • Day trend indicators show continuous downside risk

  • Looks to use corrective rebounds below the trendline as selling opportunities

  • Trendline is from Dec 12 136.70 highs and comes in at 135.78 today

 

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