29 May 2014
EUR/JPY is trying to recover from Asian lows
FXStreet (Moscow) - EUR/JPY has recovered from Asian low of 138.20 and settled at 138.37 ahead of European session
EUR/JPY is in danger
EUR/JPY had a hard time yesterday as the cross moved deeply below 139.00 level and touched the low at 138.29. Stops below 200-day MA at 138.30 capped the decline and helped EUR/JPY to finish the day at 138.44, though bears are well determined to get it to new lows today. The Japanese retail sales data is already published, and the European calendar is empty, the cross will be influenced mostly by risk sentiments and technical factors. The current Asian low at 138.20 may limit the decline, though if it is broken, the downside will be extend to 138.00. The resistance is seen at 138.50.
What are today’s key EUR/JPY levels?
Today's central pivot point can be found at 138.62, with support below at 138.10, 137.778 and 137.26, with resistance above at 138.94, 139.46, and 139.78. Hourly Moving Averages are mostly bearish with the 200SMA at 138.87 and the daily 20EMA at 139.70. Hourly RSI is bearish at 34.
EUR/JPY is in danger
EUR/JPY had a hard time yesterday as the cross moved deeply below 139.00 level and touched the low at 138.29. Stops below 200-day MA at 138.30 capped the decline and helped EUR/JPY to finish the day at 138.44, though bears are well determined to get it to new lows today. The Japanese retail sales data is already published, and the European calendar is empty, the cross will be influenced mostly by risk sentiments and technical factors. The current Asian low at 138.20 may limit the decline, though if it is broken, the downside will be extend to 138.00. The resistance is seen at 138.50.
What are today’s key EUR/JPY levels?
Today's central pivot point can be found at 138.62, with support below at 138.10, 137.778 and 137.26, with resistance above at 138.94, 139.46, and 139.78. Hourly Moving Averages are mostly bearish with the 200SMA at 138.87 and the daily 20EMA at 139.70. Hourly RSI is bearish at 34.