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Lambert: Signaling a sell-off in EURJPY
Clive Lambert from FuturesTechs doesn’t believe that EURJPY will surpass the key psychological level of JPY 150.00 without one more break in support. A support level is located at JPY 147.60, which Clive would like to see broken to signal a move lower. Currencies hit new highs against the yen on Monday, with EURJPY reaching JPY 149.78 and the dollar hitting a seven-year high at JPY 121.86. Prices have since sold-off, triggering a sell signal on the intraday chart after dipping below JPY 148.20.
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01:21 minutes
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