8 Apr 2014
EUR/JPY sticks to intraday lows of 141.11
FXStreet (Moscow) - EUR/JPY consolidates close to intraday lows of 141.11; the selling pressure is still strong.
Gloomy day for EUR/JPY
EUR/JPY pressed down today, even despite the euro rally against US Dollar. The cross is affected by JPY strengthening across the board following not so dovish Kuroda comments. He was not particularly hawkish, but investors, who initially ignored him, had the second thought. Heightened geopolitical risks and weak stock markets spur safe-heaven demand for JPY. EUR/JPY is close to the key support level of 141.00. Once it s broken the technical picture will darken. The nearest resistance is seen at 141.40 and followed by 141.90.
What are today’s key EUR/JPY levels?
Today's central pivot point can be found at 141.57, with support below at 141.23, 140.78 and 140.43, with resistance above at 142.02, 142.37, and 142.82. Hourly Moving Averages are bearish, with the 200SMA at 141.89 and the daily 20EMA is neutral at 141.66. Hourly RSI is bearish at 37.
Gloomy day for EUR/JPY
EUR/JPY pressed down today, even despite the euro rally against US Dollar. The cross is affected by JPY strengthening across the board following not so dovish Kuroda comments. He was not particularly hawkish, but investors, who initially ignored him, had the second thought. Heightened geopolitical risks and weak stock markets spur safe-heaven demand for JPY. EUR/JPY is close to the key support level of 141.00. Once it s broken the technical picture will darken. The nearest resistance is seen at 141.40 and followed by 141.90.
What are today’s key EUR/JPY levels?
Today's central pivot point can be found at 141.57, with support below at 141.23, 140.78 and 140.43, with resistance above at 142.02, 142.37, and 142.82. Hourly Moving Averages are bearish, with the 200SMA at 141.89 and the daily 20EMA is neutral at 141.66. Hourly RSI is bearish at 37.