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FXStreet (Moscow) - EUR/JPY is oscillating in a narrow range of 141.46-141.71 after opening at 141.60
EUR-dependant
EUR/JPY reached the intraday highs at 141.81, but the failed to keep ground and slipped to 141.50 on Monday. The downside was caused by EUR selling against USD on the back of positive US macro statistic (March leading index came out better than expected at +0.8% against forecasted +0.7%). Early in Asia the cross managed to regain some ground, but the upside dynamic is too weak to hope for new highs. During the day the cross movements will be governed mostly by technical factors and general EUR sentiments. The support is seen at 141.39 (Monday’s low), while the nearest resistance comes at 141.80.
What price levels and patterns have to be considered?
Current price is 141.60, with resistance ahead at 141.61 (Hourly 20 EMA), 141.71 (Daily High), 141.78 (Daily Classic R1), 141.85 (Yesterday's High) and 142.04 (Daily Classic R2).
Next support to the downside can be found at 141.59 (Daily Classic PP), 141.53 (Daily Open), 141.52 (Weekly High), 141.46 (Daily Low) and 141.45 (Hourly 100 SMA).
22 Apr 2014
EUR/JPY is on the road to nowhere
FXStreet (Moscow) - EUR/JPY is oscillating in a narrow range of 141.46-141.71 after opening at 141.60
EUR-dependant
EUR/JPY reached the intraday highs at 141.81, but the failed to keep ground and slipped to 141.50 on Monday. The downside was caused by EUR selling against USD on the back of positive US macro statistic (March leading index came out better than expected at +0.8% against forecasted +0.7%). Early in Asia the cross managed to regain some ground, but the upside dynamic is too weak to hope for new highs. During the day the cross movements will be governed mostly by technical factors and general EUR sentiments. The support is seen at 141.39 (Monday’s low), while the nearest resistance comes at 141.80.
What price levels and patterns have to be considered?
Current price is 141.60, with resistance ahead at 141.61 (Hourly 20 EMA), 141.71 (Daily High), 141.78 (Daily Classic R1), 141.85 (Yesterday's High) and 142.04 (Daily Classic R2).
Next support to the downside can be found at 141.59 (Daily Classic PP), 141.53 (Daily Open), 141.52 (Weekly High), 141.46 (Daily Low) and 141.45 (Hourly 100 SMA).