EUR/JPY: eyes 129.28 fibo – CB

By FXStreet FXStreet (Guatemala) – Karen Jones, chief analyst at Commerzbank noted that EUR/JPY has sold off aggressively.

Key Quotes:

“This is critical support and the break below here leaves the market on the defensive.”

A close below 133.13 will trigger losses to the 2013-2015 support line at 127.39 currently. Initial support will be the 131.80 then 129.28 Fibonacci retracements of the move seen this year.”
For more information, read our latest forex news. …read more

Source:: FX Street