29 Apr 2014
EUR/JPY holding the highs around 142 handle
FXStreet (Guatemala) - EUR/JPY is trading at 141.99, up 0.02% on the day, having posted a daily high at 142.06 and low at 141.92.
EUR/JPY is remaining at the highs of the rally seen at the start of the week and is further supported by the sentiment in the markets post comments from ECB members which are hinting that it will be very difficult for the ECB to start a QE programme given the complexity of the Eurozone and 18 countries with varying policy requirements. Meanwhile, the FXStreet OB/OS Index is reflecting neutral hourly conditions, while the FXStreet Trend Index is slightly bearish. Currently RSI is at 58.14, down from the last hourly print at 62.55, with ADX at 16.32, down from its previous close at 29.37.
EUR/JPY Levels
With spot trading at 141.99, we can see next resistance ahead at 142.06 (Daily High), 142.17 (Yesterday's High), 142.42 (Daily Classic R1),142.47 (Weekly Classic R2) and 142.88 (Daily Classic R2). Support below can be found at 141.96 (Weekly High), 141.96 (Daily Open), 141.92 (Weekly Classic R1), 141.92 (Daily Low) and 141.84 (Hourly 20 EMA).
EUR/JPY is remaining at the highs of the rally seen at the start of the week and is further supported by the sentiment in the markets post comments from ECB members which are hinting that it will be very difficult for the ECB to start a QE programme given the complexity of the Eurozone and 18 countries with varying policy requirements. Meanwhile, the FXStreet OB/OS Index is reflecting neutral hourly conditions, while the FXStreet Trend Index is slightly bearish. Currently RSI is at 58.14, down from the last hourly print at 62.55, with ADX at 16.32, down from its previous close at 29.37.
EUR/JPY Levels
With spot trading at 141.99, we can see next resistance ahead at 142.06 (Daily High), 142.17 (Yesterday's High), 142.42 (Daily Classic R1),142.47 (Weekly Classic R2) and 142.88 (Daily Classic R2). Support below can be found at 141.96 (Weekly High), 141.96 (Daily Open), 141.92 (Weekly Classic R1), 141.92 (Daily Low) and 141.84 (Hourly 20 EMA).