FX October 08, 2018 / 02:13 pm UTC

Chart EUR/JPY Update: Sharper Break

By Nicholas Rose
Chart
--Level
Comment
--Level
Comment
R1130.20~
Mon mid session highs
S1129.25
13-Sep low
R2130.70
3-Oct low
S2129.00~*March lows
R3131.10*last week high volm
S3127.87
10-Sep low
R4131.25*Mon am high
S4126.25*21-Aug low

Asterisk denotes strength of level

14:05 GMT - Steep decline today follows last week's steady decline off 133~ & is breaking the EUR back into (what has started to shape as) the June-Aug base. Follow through lower at 129 this week weakens further- then looking at 128, 127. S/ term, brisk lift above 130.20~ marks a s/ term low (today) & targets 130.70, 131.25.

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