23 Jun 2014
EUR/JPY lacking clear direction short term - FXStreet
FXStreet (Bali) - Valeria Bednarik, Chief Analyst at FXStreet, sees technicals in EUR/JPY not providing clear signals short term.
Key Quotes
"Euro recovery against yen stalled right below the 139.00 figure over the last trading sessions, with the pair consolidating in a quiet range, lacking clear direction in the short term."
"The hourly chart shows price steady above moving averages, with 100 one offering now immediate support around 138.50 and above its 200 one, as momentum stands flat around the 100 level."
"In the 4 hours chart the technical stance is also neutral, with the downside favored on a break below 138.40 immediate short term support. A recovery above 139.35 on the other hand is required to confirm some upward momentum on the pair, looking then for an approach to the 140.00 figure."
Key Quotes
"Euro recovery against yen stalled right below the 139.00 figure over the last trading sessions, with the pair consolidating in a quiet range, lacking clear direction in the short term."
"The hourly chart shows price steady above moving averages, with 100 one offering now immediate support around 138.50 and above its 200 one, as momentum stands flat around the 100 level."
"In the 4 hours chart the technical stance is also neutral, with the downside favored on a break below 138.40 immediate short term support. A recovery above 139.35 on the other hand is required to confirm some upward momentum on the pair, looking then for an approach to the 140.00 figure."