11 Apr 2014
EUR/JPY attempting the upside against the grain
FXStreet (Guatemala) - EUR/JPY is trading at 141.31, having posted a daily high at 141.24 and low at 140.71.
EUR/JPY is attempting the upside and is decisively bid on the session. Meanwhile, any significant economic slack in the Eurozone means the ECB cannot afford to ignore EUR strength, which too will keep a lid on rallies. At the time of writing, RSI is neutral at 57.09, up from 45.51 at the last hour close, while ADX is ranging at 29.84, up from 16.83 previous. On the hourly EUR/JPY chart, the 200 SMA is declining and currently at 140.91, down from the previous hour close at 141.89. On average, the exponential closing price for the past 20 days is 141.48, with the trend indicating a range-bound movement ahead.
EUR/JPY Levels
Spot is presently trading at 141.17, and next resistance can be seen at 141.24 (Daily High), 141.48 (Daily 20 SMA), 141.51 (Daily Classic R1), 141.58 (Yesterday's High) and 141.89 (Hourly 200 SMA). Support below can be found at 141.12 (Hourly 100 SMA), 141.06 (Daily Classic PP), 141.02 (Daily 100 SMA), 141.00 (Daily Open) and 140.93 (Hourly 20 EMA).
EUR/JPY is attempting the upside and is decisively bid on the session. Meanwhile, any significant economic slack in the Eurozone means the ECB cannot afford to ignore EUR strength, which too will keep a lid on rallies. At the time of writing, RSI is neutral at 57.09, up from 45.51 at the last hour close, while ADX is ranging at 29.84, up from 16.83 previous. On the hourly EUR/JPY chart, the 200 SMA is declining and currently at 140.91, down from the previous hour close at 141.89. On average, the exponential closing price for the past 20 days is 141.48, with the trend indicating a range-bound movement ahead.
EUR/JPY Levels
Spot is presently trading at 141.17, and next resistance can be seen at 141.24 (Daily High), 141.48 (Daily 20 SMA), 141.51 (Daily Classic R1), 141.58 (Yesterday's High) and 141.89 (Hourly 200 SMA). Support below can be found at 141.12 (Hourly 100 SMA), 141.06 (Daily Classic PP), 141.02 (Daily 100 SMA), 141.00 (Daily Open) and 140.93 (Hourly 20 EMA).