17 Oct 2013
EUR/JPY revisits 133.75 skies
FXstreet.com (Chicago) - EUR/JPY gets closer to 133.75 again. Ahead of Tokyo’s opening, expectations are set for the pair to continue climbing as the yen has lost safe-haven price action on US deal between congressmen.
With no official data expected in Japan at the market of reactions after hearing American politicians, the pair is close to highly visited resistance around 133.78.
EUR/JPY Technical Levels
FXstreet.com (Chicago) – EUR/JPY reached back the 133.75 front extending the bullish channel and respecting upward trendline from two days ago. Offered at 133.69, the pair oscillates between supports aligned at 133.51 (September 26th lows), 133.22 (October 3rd highs) ahead of 132.87 (September 25th lows) and the resistances set at 133.92 (September 26th highs), 134.25 (September 20th lows) followed by 134.67 (September 20th highs). According to the FXstreet.com trend index, the pair is slightly bullish on one-hour timeframe analysis above the EMA20.
With no official data expected in Japan at the market of reactions after hearing American politicians, the pair is close to highly visited resistance around 133.78.
EUR/JPY Technical Levels
FXstreet.com (Chicago) – EUR/JPY reached back the 133.75 front extending the bullish channel and respecting upward trendline from two days ago. Offered at 133.69, the pair oscillates between supports aligned at 133.51 (September 26th lows), 133.22 (October 3rd highs) ahead of 132.87 (September 25th lows) and the resistances set at 133.92 (September 26th highs), 134.25 (September 20th lows) followed by 134.67 (September 20th highs). According to the FXstreet.com trend index, the pair is slightly bullish on one-hour timeframe analysis above the EMA20.