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5 May 2015
EUR/JPY: 134.00 comes as key resistance - FXStreet
FXStreet (Guatemala) - Valeria Bednarik, chief analyst at FXStreet noted that EUR's self weakens pushed the EUR/JPY cross slightly lower, with the pair losing some 50 pips intraday.
Key Quotes:
"Yen strength limited amid market's positive mood. The technical picture in the short term is mild bearish, as the technical indicators have turned lower after failing below their mid-lines, whilst the 100 SMA maintains a strong bullish slope, providing intraday support should the fair extend its fall, in the 133.00 region."
"In the 4 hours chart the Momentum indicator turned sharply lower and is about to cross its mid-line towards the downside, whilst the RSI indicator also heads lower around 59, also pointing for additional slides, particularly if the pair is unable to recover above the 134.00 region."
Key Quotes:
"Yen strength limited amid market's positive mood. The technical picture in the short term is mild bearish, as the technical indicators have turned lower after failing below their mid-lines, whilst the 100 SMA maintains a strong bullish slope, providing intraday support should the fair extend its fall, in the 133.00 region."
"In the 4 hours chart the Momentum indicator turned sharply lower and is about to cross its mid-line towards the downside, whilst the RSI indicator also heads lower around 59, also pointing for additional slides, particularly if the pair is unable to recover above the 134.00 region."