EUR/JPY broke key support level 131.50

EUR/JPY broke key support level 131.50

  • EUR/JPY broke key support level 131.50
  • Next sell target - 130.00

EUR/JPY recently broke through the key support level 131.50 (which has been reversing the price from the end of September, as can be seen from the daily EUR/JPY chart below). EUR/JPY is expected to fall further toward the next sell target at the next round support level 130.00. Sell stop-loss can be placed above the aforementioned price level 131.50 (acting as resistance after it was broken).

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