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Moderator
EURJPY
EURJPY Technical Levels - 29.03.2017
EURJPY currently trading at 119.79. Technically, EURJPY next immediate support below at 119.65, 119 and 118.70 levels.
Upside immediate resistance at 120.01, 120.58 and 120.87 levels.
Trend overall looking slightly bearish at the moment.
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Senior Trader
Yen surged after Manchester blast.
The yen surged after a blast at a concert in Britain's city of Manchester killed at least 19 people. Sterling shed 0.45 percent to 144.07 yen (GBPJPY=), but otherwise, the currency was fairly steady against its major rivals. It was little changed against the dollar at $1.2994 . On Monday, the pound had lost about 0.3 percent after polls showed a narrowing lead for Prime Minister Theresa May over her opposition ahead of elections next month. Police said they were responding to reports of an explosion at a concert in the English city of Manchester where U.S. singer Ariana Grande had been performing. At least 19 people dead and about 50 injured in what British police said was being treated as a terrorist incident. The dollar was down 0.2 percent at 111.055 yen after a dip to 110.860 and the euro slid 0.2 percent to 124.830 yen.
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Senior Trader
I am not using the EURJPY trading pair since the last month! Because, there is no signal from my trading strstegy! By the way, now I am waiting for breaking the level 132.12! if market breaks this level quite comfortably the I’ll go for sell trade! On the other hand, I’ll be interested in the buy trade if market breaks the recent resistance level, I mean 136.15 level.
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Moderator

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