10 Feb 2015
EUR/JPY: Needs a break through 133.60 and 135.20 - FXStreet
FXStreet (Guatemala) - Valeria Bednarik, chief analyst at FXStreet explained that the Japanese yen was the most affected for the flip in the markets' sentiment, falling sharply against all of its major rivals.
Key Quotes:
"US 10Y yields rose above 2.0% intraday, ending the day barely below the mark also supporting yen declines."
"The EUR/JPY pair surged up to 135.28, consolidating near the highs in the American afternoon."
"Technically, the 1 hour chart shows that the price extended above its 100 and 200 SMAs that anyway remain flat below the current levels, while indicators stand in positive territory, albeit show no directional strength."
"In the 4 hours chart the price stands above a flat 100 SMA whilst indicators hover around their mid-lines, showing no directional strength and giving no clues on upcoming moves."
"The pair has been confined to a tight range in between 133.60 and 135.20, with a break of either extreme required to see the pair set a more directional trend."
Key Quotes:
"US 10Y yields rose above 2.0% intraday, ending the day barely below the mark also supporting yen declines."
"The EUR/JPY pair surged up to 135.28, consolidating near the highs in the American afternoon."
"Technically, the 1 hour chart shows that the price extended above its 100 and 200 SMAs that anyway remain flat below the current levels, while indicators stand in positive territory, albeit show no directional strength."
"In the 4 hours chart the price stands above a flat 100 SMA whilst indicators hover around their mid-lines, showing no directional strength and giving no clues on upcoming moves."
"The pair has been confined to a tight range in between 133.60 and 135.20, with a break of either extreme required to see the pair set a more directional trend."