19 Jun 2014
EUR/JPY is still on the way higher with 139 looming
FXStreet (Moscow) - Currently, EUR/JPY is trading at 138.46, down -0.08% on the day, having posted a daily high at 138.63 and low at 138.43.
EUR/JPY is confused
The pair is on recovery note from June, 13 reaching strong resistance at 138.70 yesterday. Euro was bid yesterday thanks to slightly more dovish than expected Yellen speech, and the further move is still not ruled out given the broad strength of the single currency in the market.
The FXStreet OB/OS Index is reflecting neutral hourly conditions, while the FXStreet Trend Index is strongly bearish. Currently RSI is at 37.48, down from the last hourly print at 49.70, with ADX at 16.71, down from its previous close at 23.05. Daily RSI sits at 42.07, in neutral territory.
What are today’s key EUR/JPY levels?
With spot trading at 138.46, we can see next resistance ahead at 138.51 (Hourly 200 SMA), 138.53 (Hourly 20 EMA), 138.55 (Daily Classic PP), 138.57 (Daily Open) and 138.57 (Weekly High).
Support below can be found at 138.43 (Daily Low), 138.30 (Daily Classic S1), 138.28 (Yesterday's Low), 138.27 (Hourly 100 SMA) and 138.02 (Daily Classic S2).
EUR/JPY is confused
The pair is on recovery note from June, 13 reaching strong resistance at 138.70 yesterday. Euro was bid yesterday thanks to slightly more dovish than expected Yellen speech, and the further move is still not ruled out given the broad strength of the single currency in the market.
The FXStreet OB/OS Index is reflecting neutral hourly conditions, while the FXStreet Trend Index is strongly bearish. Currently RSI is at 37.48, down from the last hourly print at 49.70, with ADX at 16.71, down from its previous close at 23.05. Daily RSI sits at 42.07, in neutral territory.
What are today’s key EUR/JPY levels?
With spot trading at 138.46, we can see next resistance ahead at 138.51 (Hourly 200 SMA), 138.53 (Hourly 20 EMA), 138.55 (Daily Classic PP), 138.57 (Daily Open) and 138.57 (Weekly High).
Support below can be found at 138.43 (Daily Low), 138.30 (Daily Classic S1), 138.28 (Yesterday's Low), 138.27 (Hourly 100 SMA) and 138.02 (Daily Classic S2).