Flash: EUR/JPY targets 141.00, 145.00 – ANZ

FXstreet.com (Barcelona) – EUR/JPY has opened up next target of 141.00 ahead of potential moves towards channel resistance circa 145.00 and a measured move of 155.50-75, notes Tim Riddell Head of Global Markets Research at ANZ.

Key Quotes

“Although weekly momentum could be seen as diverging (momentum indicators are not as high as they were when EUR/JPY hit 132.00 back in early 2013), the indicators are still supportive of current price action given that they appear to have found an interim base and are now rising neatly.”

“The break below rising (wedge-like) support at 132.30 proved to be short-lived, holding the interim low …read more