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EUR/JPY on trendless range; 131.50 buying noted

FXstreet.com (Chicago) – EUR/JPY rises after double top formation formed throughout Monday’s trading session. Recovering losses and earning 0.03% gains, both bulls and bears continue alternating buying and selling pressure, fueling sideways trading range.

What to expect?

Ahead of the Japanese opening for Tuesday’s trading session and Germany’s CESifo Group assessment, the pair resumes climb after recovering losses and failing to sustain higher performance levels. The Nikkei opened 0.20% stronger but tumbled to -0.18 at the Nikkei 225’s closing bell. In Europe, the CAC40 was down 0.06% similarly to the Euronext 100 down 0.15% while the FTSE was up 0.70% and …read more