EUR/JPY heading for sell stops….?

Author: Pete Jackson | Category: News

There’s talk of some sell stops building down through 106.00, but also that the 105.95 expiries today  may be of some size and offer some support ahead of the NY cut.

A break down though targets some light tech support around 105.70/75 ahead of the Nov 28 lows of 105.28, and the 38.2% retracement of the 13Nov/5Dec rally at 105.03.  Resistance wise there’s  offers up at 106.50/60  just ahead of the Tenkan line at 106.62

EUR/JPY’s currently sitting just off recent lows of 105.98