Tuesday, October 27, 2015

EUR/JPY: Possible breakdown below the 133.00 level

The Euro versus the Yen has come back to its bearish trend amid a rise in risk aversion, which has caused the Yen to strengthen. At the moment, the pair is trying to break below the 133.00 round number level and if the breakdown is confirmed then we could see a visit to the 132.00 level. To the upside, if the price goes back above the 133.00, then the 134.00 could act as its next resistance.


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