8 Jul 2013
EUR/JPY bounces at 129.70 and trades back at 130.00
FXstreet.com (San Francisco) - After being rejected by the 130.15 area in the American session, the EUR/JPY fell to test the 129.70 price where the pair bounced to trade back at 130.00 in the last hour.
Currently, the EUR/JPY is pricing at 129.97, 0.16% positive on the day. The short term perspective is slightly bullish in the 15-minute chart. Indicators such as CCI and Momentum are pointing to the north while the Stochastic and the MACD are neutral.
Below the 129.70, next supports are at 129.40 and 129.15. On the upside, resistances are at 130.15, 130.30 and 130.75.
EUR/JPY downside limited
From a technical perspective, the UBS analyst team holds a bullish bias on EUR/JPY. "Downside should be limited, and we expect the support at 128.04 to hold", they commented. "Resistance is at 131.12 ahead of the key 133.80".
Currently, the EUR/JPY is pricing at 129.97, 0.16% positive on the day. The short term perspective is slightly bullish in the 15-minute chart. Indicators such as CCI and Momentum are pointing to the north while the Stochastic and the MACD are neutral.
Below the 129.70, next supports are at 129.40 and 129.15. On the upside, resistances are at 130.15, 130.30 and 130.75.
EUR/JPY downside limited
From a technical perspective, the UBS analyst team holds a bullish bias on EUR/JPY. "Downside should be limited, and we expect the support at 128.04 to hold", they commented. "Resistance is at 131.12 ahead of the key 133.80".