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EUR/JPY Surges as Yen Weakens

By:
Nenad Kerkez
Published: Jul 26, 2021, 11:00 UTC

EUR/JPY is trying to breakout above the W L3 which became a support. We could see further strength if the neckline breaks.

EUR/JPY Surges as Yen Weakens

In this article:

The POC is a bouncing zone. 129.65-75 where buyers are. Look for a trend line break and continuation of the move. Targets are 130.42, 130.58 and potentially 131.05. Only if the price breaks below 129.65 we could see a move down which will be a sign of Yen strength.

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For a look at all of today’s economic events, check out our economic calendar.

Cheers and safe trading,

Nenad

 

About the Author

Nenad Kerkezcontributor

M.Ec. Nenad Kerkez aka Tarantula is Elite CurrenSeas Head trader and a valued contributor to many premium Forex and trading websites.

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