7 Jul 2014
EUR/JPY heading into strong resistance
FXStreet (Guatemala) - EUR/JPY is trading at 138.62, down -0.09% on the day, having posted a daily high at 138.85 and low at 138.44.
EUR/JPY has picked up into 138.60 territory off the lows, but faces strong resistance here with congestion ahead. From the calendar, we will see the bulk of Japans data for this week tonight, including the trade data. Meanwhile, daily RSI sits at 46.70, in neutral territory. Looking to momentum indicators, the hourly 200 SMA is currently at 138.80, up from the last close at 138.71 and climbing.
EUR/JPY Levels
Spot is presently trading at 138.63, and next resistance can be seen at 138.71 (Hourly 200 SMA), 138.72 (Weekly Classic PP), 138.75 (Weekly Low), 138.76 (Daily Open) and 138.83 (Daily 20 SMA). Support below can be found at 138.62 (Hourly 20 EMA), 138.58 (Yesterday's Low), 138.49 (Daily Classic S1), 138.44 (Daily Low) and 138.23 (Daily Classic S2).
EUR/JPY has picked up into 138.60 territory off the lows, but faces strong resistance here with congestion ahead. From the calendar, we will see the bulk of Japans data for this week tonight, including the trade data. Meanwhile, daily RSI sits at 46.70, in neutral territory. Looking to momentum indicators, the hourly 200 SMA is currently at 138.80, up from the last close at 138.71 and climbing.
EUR/JPY Levels
Spot is presently trading at 138.63, and next resistance can be seen at 138.71 (Hourly 200 SMA), 138.72 (Weekly Classic PP), 138.75 (Weekly Low), 138.76 (Daily Open) and 138.83 (Daily 20 SMA). Support below can be found at 138.62 (Hourly 20 EMA), 138.58 (Yesterday's Low), 138.49 (Daily Classic S1), 138.44 (Daily Low) and 138.23 (Daily Classic S2).