Forex: EUR/JPY bearish below 104.40 – V.Bednarik

Forex: EUR/JPY bearish below 104.40 â€" V.Bednarik

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Forex: EUR/JPY bearish below 104.40 V.Bednarik

FITITOL--> FXstreet.com (San Francisco) - EUR/JPY traded in range between 103.51 and 104.41 on Tuesday as it consolidated recent losses at 3-month lows.

The pair is quoted in the 103.85 price zone in early Asia, having recorded a 0.4% loss on the day.

According to Valeria Bednarik, Chief Analyst at FXstreet.com, the pair maintains its overall bearish tone as we enter the Asian session. “As long as below 104.40, the downside is strongly favored in the pair with a break below 103.40 favoring a quick slide towards 103.00, followed later by 102.50,” she says.