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FXStreet (Moscow) - EUR/JPY retreated to current level of 138.88 after an unsuccessful attempt to test waters above the pivotal resistance of 139.00
More upside in the pipe
EUR/JPY finished Thursday marginally higher, thus supporting the view that the cross reached the bottom. Though the bulls still need to get above 139.00 to snatch the control over the situation, which may turn out to be a tough task as the single currency is under pressure across the board. From the fundamental point of view, keep your eyes peeled for German GDP numbers and IFO data as they may add the gloom and trigger a new wave of EUR sell-off.
What are today’s key EUR/JPY levels?
Today's central pivot point can be found at 138.91, with support below at 138.66, 138.39 and 138.14, with resistance above at 139.18, 139.43, and 139.70. Hourly Moving Averages are mixed with the 200SMA at 139.30 and the daily 20EMA at 140.11. Hourly RSI is bearish at 53.
23 May 2014
EUR/JPY is as quiet as a mouse in Asia
FXStreet (Moscow) - EUR/JPY retreated to current level of 138.88 after an unsuccessful attempt to test waters above the pivotal resistance of 139.00
More upside in the pipe
EUR/JPY finished Thursday marginally higher, thus supporting the view that the cross reached the bottom. Though the bulls still need to get above 139.00 to snatch the control over the situation, which may turn out to be a tough task as the single currency is under pressure across the board. From the fundamental point of view, keep your eyes peeled for German GDP numbers and IFO data as they may add the gloom and trigger a new wave of EUR sell-off.
What are today’s key EUR/JPY levels?
Today's central pivot point can be found at 138.91, with support below at 138.66, 138.39 and 138.14, with resistance above at 139.18, 139.43, and 139.70. Hourly Moving Averages are mixed with the 200SMA at 139.30 and the daily 20EMA at 140.11. Hourly RSI is bearish at 53.