EUR/JPY: ideas from SEB Bank
Analysts at SEB Bank believe that EUR/JPY is forming a bearish flag and is ready to break lower. A decline below142.13 will be the first bearish sign and a break of 141.73 will confirm the exit from the formation. The specialists target 138.40 (55-day MA) and 136.35 (the upper boundary of the June rising channel). The flag resistance lies at 143.50.
Chart. Daily EUR/JPY