13 Jan 2014
EUR/JPY supported post Asia dip
FXstreet.com (Barcelona) - Having opened at a session high of 142.32, EUR/JPY declined overnight to post a low at 141.21 before finding support and ranging to where it is presently trading at 141.31.
EUR/JPY lower as Japan ´comes-of-age´
With a quiet calendar for the whole day, and Japan closed to celebrate its Coming-of-Age Day, EUR/JPY fell sharply to find support at the daily S2 level at 141.40. Peter Fell of FXBeat attributes the decline to Model Account sellers. Ahead this morning, we had a range of peripheral European data, before Japanese Trade Balance data late in the evening.
What are today´s key EUR/JPY levels?
Hourly RSI sits at 22, heading deeper into oversold territory, with ADX at 36. Next support can be found at 141.21 (Todays low), 141.00 (Psychological), 140.77 (S3), 139.01 (December 6 Low). Resistance is stacked above, starting at 141.40 (S2), 141.80 (S1), 142.44 (PP), 142.84 (R1), 143.48 (R2), 143.88 (R3). Further, a Daily Dark Cloud Cover Candlestick formation can be seen on a daily chart.
EUR/JPY lower as Japan ´comes-of-age´
With a quiet calendar for the whole day, and Japan closed to celebrate its Coming-of-Age Day, EUR/JPY fell sharply to find support at the daily S2 level at 141.40. Peter Fell of FXBeat attributes the decline to Model Account sellers. Ahead this morning, we had a range of peripheral European data, before Japanese Trade Balance data late in the evening.
What are today´s key EUR/JPY levels?
Hourly RSI sits at 22, heading deeper into oversold territory, with ADX at 36. Next support can be found at 141.21 (Todays low), 141.00 (Psychological), 140.77 (S3), 139.01 (December 6 Low). Resistance is stacked above, starting at 141.40 (S2), 141.80 (S1), 142.44 (PP), 142.84 (R1), 143.48 (R2), 143.88 (R3). Further, a Daily Dark Cloud Cover Candlestick formation can be seen on a daily chart.