# EUR/JPY Selloff to Resume (November 4, 2013) Source: https://www.tradersway.com/resources/market-info/eur-jpy-selloff-to-resume-november-4-2013/ Language: en Updated: 2013-11-04 Description: Explore EUR/JPY Selloff to Resume (November 4, 2013). EUR/JPY. Trade Forex and CFDs on MT4 and MT5 with tight spreads, flexible leverage and fast funding. EUR/JPY suffered a heavy selloff starting Thursday last week when ECB officials hinted that a rate cut is in the cards. EUR/JPY dropped from the 135.50 area by close to 300 pips before making a quick bounce at the start of this trading week. Sentiment remains very bearish for this pair but a retracement might take place before sellers push the pair lower. If that’s the case, EUR/JPY could pull back to the 38.2% Fib, which is in line with a former support level. It is also an area of interest, which means it could act as resistance from now on. ![EUR/JPY Selloff to Resume (November 4, 2013)] Stochastic is pointing down, suggesting that selling pressure is still strong. Shorting at 133.60 with a stop above the 134.00 mark and a target of new lows could make a good return on risk for a swing trade. *By Kate Curtis from Trader’s Way* ## Structured data JSON-LD as served in the HTML version of this page. ```json { "@context": "https://schema.org", "@graph": [ { "@type": "Article", "@id": "https://www.tradersway.com/resources/market-info/eur-jpy-selloff-to-resume-november-4-2013/#primary", "url": "https://www.tradersway.com/resources/market-info/eur-jpy-selloff-to-resume-november-4-2013/", "mainEntityOfPage": "https://www.tradersway.com/resources/market-info/eur-jpy-selloff-to-resume-november-4-2013/", "headline": "EUR/JPY Selloff to Resume (November 4, 2013)", "inLanguage": "en", "datePublished": "2013-11-04T19:02:16+00:00", "dateModified": "2013-11-04T19:02:16+00:00", "articleSection": "Market Info", "description": "Explore EUR/JPY Selloff to Resume (November 4, 2013). EUR/JPY. 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