EURJPY: Technical traders target 128.50
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EURJPY was a major casualty overnight as seen with many risk assets. With Wall St dropping nearly 2%, major flows out of EUR, AUD, NZD and other risk currencies was seen. Technically EURJPY has broken well clear of its Ichimoku cloud and is now under the 100 day MA as well. Technical traders are now targetting the 200 day MA, down at 128.50 as their target for this move. Order wise, Im hearing of some buyers just ahead of 130.00 but nothing serious.
