20 Feb 2015
EUR/JPY hovers just above 50% fib on hourly chart
FXStreet (Mumbai) - The EUR/JPY pair hovers above the 50% Fib retracement level of the uptrend from 133.92 to 136.21 located at 135.07 levels.
EUR/JPY: Gains capped at hourly 200-MA
The gains were capped earlier today at hourly 200-DMA located at 135.32 levels. The uncertainty surrounding the Greece’s debt deal ahead of the Eurogroup meeting scheduled later today is capping gains in the shared currency. However, the pair has managed to hold above 50% fib level after the Japanese manufacturing PMI for February came-in at 51.5, missing the estimate of 52.5.
The pair currently trades at 135.14; down 0.07%. The pair could extend losses if the markets turn risk averse ahead of the Eurogroup meeting.
EUR/JPY Technical Levels
The immediate resistance is seen at 135.32 (hourly 200-MA), above which gains could be extended to 135.67 (23.6% fib level). On the flip side, support is seen at 135.07, under which losses could be extended to 134.80 (61.8% Fib level).
EUR/JPY: Gains capped at hourly 200-MA
The gains were capped earlier today at hourly 200-DMA located at 135.32 levels. The uncertainty surrounding the Greece’s debt deal ahead of the Eurogroup meeting scheduled later today is capping gains in the shared currency. However, the pair has managed to hold above 50% fib level after the Japanese manufacturing PMI for February came-in at 51.5, missing the estimate of 52.5.
The pair currently trades at 135.14; down 0.07%. The pair could extend losses if the markets turn risk averse ahead of the Eurogroup meeting.
EUR/JPY Technical Levels
The immediate resistance is seen at 135.32 (hourly 200-MA), above which gains could be extended to 135.67 (23.6% fib level). On the flip side, support is seen at 135.07, under which losses could be extended to 134.80 (61.8% Fib level).