4 Apr 2014
EUR/JPY rebounds following Non Farm Payrolls dip
FXStreet (London) - Having spent the second half of the week declining from its Wednesday high at 143.44, EUR/JPY initially dipped in the aftermath of today’s Non Farm Payrolls data before rebounding to where we are presently trading at 142.46.
US Unemployment also came in-line with expectations at 6.7%, while the hotly anticipated Non Farm Payrolls mildly missed expectations at 192k/200k. The pair initially dipped to post a daily low at 142, before finding support and returning to where it was pre data.
EUR/JPY Technicals
Currently, EUR/JPY is trading at 142.46, down -0.09% on the day, having posted a daily high at 142.65 and low at 141.99. RSI is in neutral territory at 53.28, up from it’s last hourly close at 37.17, while ADX is ranging above 30 at 26.84, down from 36.42 at the last hourly close. The 200 SMA is currently at 142.75, up from 141.85 at the last period close, and climbing on the hourly EUR/JPY chart. 2-Standard Deviation Volatility Bandwidth is presently at 39 pips and shrinking on the hourly EUR/JPY chart, while the ATR (14) is currently at 9 pips
EUR/JPY Levels
With spot trading at 142.46, we can see next resistance ahead at 142.50 (Hourly 20 EMA), 142.58 (Daily Open), 142.65 (Daily High), 142.69 (Hourly 100 SMA) and 142.79 (Daily Classic PP). Support below can be found at 142.30 (Yesterday's Low), 142.23 (Weekly Classic R1), 142.11 (Daily Classic S1), 141.99 (Daily Low) and 141.85 (Hourly 200 SMA).
US Unemployment also came in-line with expectations at 6.7%, while the hotly anticipated Non Farm Payrolls mildly missed expectations at 192k/200k. The pair initially dipped to post a daily low at 142, before finding support and returning to where it was pre data.
EUR/JPY Technicals
Currently, EUR/JPY is trading at 142.46, down -0.09% on the day, having posted a daily high at 142.65 and low at 141.99. RSI is in neutral territory at 53.28, up from it’s last hourly close at 37.17, while ADX is ranging above 30 at 26.84, down from 36.42 at the last hourly close. The 200 SMA is currently at 142.75, up from 141.85 at the last period close, and climbing on the hourly EUR/JPY chart. 2-Standard Deviation Volatility Bandwidth is presently at 39 pips and shrinking on the hourly EUR/JPY chart, while the ATR (14) is currently at 9 pips
EUR/JPY Levels
With spot trading at 142.46, we can see next resistance ahead at 142.50 (Hourly 20 EMA), 142.58 (Daily Open), 142.65 (Daily High), 142.69 (Hourly 100 SMA) and 142.79 (Daily Classic PP). Support below can be found at 142.30 (Yesterday's Low), 142.23 (Weekly Classic R1), 142.11 (Daily Classic S1), 141.99 (Daily Low) and 141.85 (Hourly 200 SMA).