24 Jun 2014
EUR/JPY slowing up beyond at daily open
FXStreet (Guatemala) - EUR/JPY is trading at 138.60, down -0.04% on the day, having posted a daily high at 138.70 and low at 138.58.
The FXStreet OB/OS Index is reflecting overbought hourly conditions, while the FXStreet Trend Index is slightly bullish. From the calendar, the EUR was been hit by weak survey data in France and less than encouraging data in Germany from Europe while we are reminded that Japan’s Markit PMI jumped up to 51.1, the highest level in three months. However, EUR/JPY is back onto the mid point of the 138 handle, struggling at 138.70, (daily open). and now the focus this week is likely to be on CPI from Japan until CPI from Germany comes at the end of the week.
EUR/JPY Levels
With spot trading at 138.61, we can see next resistance ahead at 138.61 (Hourly 100 SMA), 138.67 (Daily Open), 138.70 (Daily High), 138.76 (Daily Classic PP) and 138.81 (Weekly High). Support below can be found at 138.60 (Daily Classic S1), 138.59 (Hourly 20 EMA), 138.58 (Daily Low), 138.48 (Weekly Classic PP) and 138.38 (Daily Classic S2).
The FXStreet OB/OS Index is reflecting overbought hourly conditions, while the FXStreet Trend Index is slightly bullish. From the calendar, the EUR was been hit by weak survey data in France and less than encouraging data in Germany from Europe while we are reminded that Japan’s Markit PMI jumped up to 51.1, the highest level in three months. However, EUR/JPY is back onto the mid point of the 138 handle, struggling at 138.70, (daily open). and now the focus this week is likely to be on CPI from Japan until CPI from Germany comes at the end of the week.
EUR/JPY Levels
With spot trading at 138.61, we can see next resistance ahead at 138.61 (Hourly 100 SMA), 138.67 (Daily Open), 138.70 (Daily High), 138.76 (Daily Classic PP) and 138.81 (Weekly High). Support below can be found at 138.60 (Daily Classic S1), 138.59 (Hourly 20 EMA), 138.58 (Daily Low), 138.48 (Weekly Classic PP) and 138.38 (Daily Classic S2).