24 Jun 2014
EUR/JPY a tad softer circa 138.50
FXStreet (Bali) - EUR/JPY is trading at 138.52, down -0.10% on the day, having posted a daily high at 138.70 and low at 138.46.
How strong has the move been?
The hourly FXStreet OB/OS Index is showing neutral conditions, alongside the FXStreet Trend Index which is strongly bearish. At the time of writing, RSI is neutral at 46.23, down from 47.44 at the last hour close, while ADX is ranging at 25.48, up from 20.48 previous. Meanwhile, daily RSI is in neutral territory at 43.86. On the hourly EUR/JPY chart, the 200 SMA is climbing and currently at 138.65, up from the previous hour close at 138.37.
What price levels and patterns have to be considered?
Current price is 138.53, with resistance ahead at 138.56 (Hourly 20 EMA), 138.59 (Daily Classic PP), 138.62 (Hourly 100 SMA), 138.67 (Daily Open) and 138.70 (Daily High). Next support to the downside can be found at 138.48 (Weekly Classic PP), 138.46 (Daily Low), 138.37 (Hourly 200 SMA), 138.37 (Weekly Low) and 138.35 (Daily Classic S1). Looking at price patterns, we can see a Doji and Shooting Star 1-hour candlestick formation, .
How strong has the move been?
The hourly FXStreet OB/OS Index is showing neutral conditions, alongside the FXStreet Trend Index which is strongly bearish. At the time of writing, RSI is neutral at 46.23, down from 47.44 at the last hour close, while ADX is ranging at 25.48, up from 20.48 previous. Meanwhile, daily RSI is in neutral territory at 43.86. On the hourly EUR/JPY chart, the 200 SMA is climbing and currently at 138.65, up from the previous hour close at 138.37.
What price levels and patterns have to be considered?
Current price is 138.53, with resistance ahead at 138.56 (Hourly 20 EMA), 138.59 (Daily Classic PP), 138.62 (Hourly 100 SMA), 138.67 (Daily Open) and 138.70 (Daily High). Next support to the downside can be found at 138.48 (Weekly Classic PP), 138.46 (Daily Low), 138.37 (Hourly 200 SMA), 138.37 (Weekly Low) and 138.35 (Daily Classic S1). Looking at price patterns, we can see a Doji and Shooting Star 1-hour candlestick formation, .