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Forex: EUR/JPY halts slide around 111.60

By FXstreet.com,  July 28, 2011, 02:50:00 AM EDT

FXstreet.com (Barcelona) - The EUR/JPY extends this week´s losses given the re-emerging Eurozone debt jitters, dropping some 50 pips over the Asian session today following yesterday´s 100 pip slide. The pair appears to be running into modest support at 111.60 just ahead of the European session, yet remains vulnerable to further losses if the overall risk-off sentiment continues.

Further below, the next critical levels to be on the lookout for are listed at 111.44 (Daily Low Jul 21), 111.18 (Daily Low Jul 19) and 110.66 (Daily Low Jul 18). On the upside, resistance is placed at 112.10 (Hourly High Jul 28), 112.80 (Intraday S&R Jul 26, 27) and 113.23 (Daily High Jul 27).




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Forex and Currencies

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