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EUR/JPY Price Analysis: Further drawback could retest 136.85

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  • EUR/JPY keeps the rough exchange well and sound up until this point this week.
  • A more profound pullback could visit the July low at 136.85.

EUR/JPY somewhat switches Tuesday’s drop in the midst of the improvement in the gamble related universe midweek.

The cross remaining parts under tension and is defenseless against additional downfall while beneath the 4-month opposition line close 141.90. Against that, the 100-day SMA ought to offer transitory conflict at 137.44 in front of the July low at 136.85 (July 8).

In the more drawn out run, the valuable position in the cross remaining parts very much supported by the 200-day SMA at 133.62.

EUR/JPY daily chart

About the author

Nafees Saifi // entrepreneur, author, trainer, and stocks and FX trader. 
Nafees Saifi is a professional FX trader from, India. Nafees has extensive experience trading commodities, bonds, and equity futures in the Asian, European, and US markets. Nafees holds a Bachelor of Finance and Economics degree and is focused heavily on Investment Finance and Quantitative Analysis.

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