5 Sep 2013
EUR/JPY holds critical support
FXstreet.com (London) - EUR/JPY has dropped a big figure from over 1.3210 and recording a low of 1.3129.
Week German factory orders are putting a downside risk to tomorrows industrial production data, and then a dovish ECB as seen the EUR on the offer, taking the cross below the support 1.3160 momentarily. The pair now trades 1.3250 at this moment of writing, and markets will be focused on tomorrows jobs numbers from the US.
EUR/JPY remains in bullish territory
EUR/JPY has held the ascending trend line from 130.80 within the 131.00 handle. The 20 DMA 130.51, 50 DMA 130.42, 200 DMA 124.94. RSI (14) 46.84. Supports are ascending from 130.60 130.79, 131.10 and 131.25. Spot is currently 1.3250 while resistances are 131.98, 132.30, 132.47 and 132.74.
Week German factory orders are putting a downside risk to tomorrows industrial production data, and then a dovish ECB as seen the EUR on the offer, taking the cross below the support 1.3160 momentarily. The pair now trades 1.3250 at this moment of writing, and markets will be focused on tomorrows jobs numbers from the US.
EUR/JPY remains in bullish territory
EUR/JPY has held the ascending trend line from 130.80 within the 131.00 handle. The 20 DMA 130.51, 50 DMA 130.42, 200 DMA 124.94. RSI (14) 46.84. Supports are ascending from 130.60 130.79, 131.10 and 131.25. Spot is currently 1.3250 while resistances are 131.98, 132.30, 132.47 and 132.74.