EUR/JPY • EUR/JPY collapsed as tensions in Ukraine increased. - TopicsExpress

EUR/JPY • EUR/JPY collapsed as tensions in Ukraine increased. The pair is back below the 141.25 barrier but the fall was halted by the 61.8% retracement level of the 3rd – 7th March advance and the 200-period moving average. I adopt a neutral stance • For now since the rate is above the blue trend line and a dip below the low of 139.15 (S1) is needed to turn the short-term outlook negative. • Support: 139.15 (S1), 137.55 (S2), 136.20 (S3) • Resistance: 141.25 (R1), 142.35 (R2), 143.80 (R3).

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