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11 Sep 2015
EUR/JPY better bid in strong recovery channel
FXStreet ( Guatemala) - EUR/JPY bulls are collecting up on the 136 handle within the rising channel commencing at 132.20.
Despite the worsening outlook for the EMs and implications for the EZ economy, the euro has been a performer at the end of this week and has been shrugging off the ideas of further QE this year from the ECB. USD/JPY has held form on the upper half of the 120 handle while EUR/USD also continues to probe the 1.13 figure on an extended short covering playout.
EUR/JPY bid stood in overbought territory
EUR/JPY has started to consolidate in over bought territory but should the find further demand, the August highs at 138.99 will be next challenge ahead of the round 140 handle.
Despite the worsening outlook for the EMs and implications for the EZ economy, the euro has been a performer at the end of this week and has been shrugging off the ideas of further QE this year from the ECB. USD/JPY has held form on the upper half of the 120 handle while EUR/USD also continues to probe the 1.13 figure on an extended short covering playout.
EUR/JPY bid stood in overbought territory
EUR/JPY has started to consolidate in over bought territory but should the find further demand, the August highs at 138.99 will be next challenge ahead of the round 140 handle.