8 Jul 2014
EUR/JPY keeps up with its bearish ways
FXStreet (Moscow) - EUR/JPY dipped to 138.37 early in Asia, but managed to recover to 138.45, which is marginally below opening level.
In red
EUR/JPY finished Monday in red zone, as JPY was growing across the board on worsening risk sentiments. Macroeconomic statistics is of little importance nowadays, but it is still worth while keeping eyes at such publications as German Trade Balance and Current Account data as they may influence ECB monetary policy expectations. Lower export numbers might put EUR under mild pressure across the board and push EUR/JPY to the first support of 138.37 (Asian low) and then to 138.10/00.
What are today’s key EUR/JPY levels?
Today's central pivot point can be found at 138.62, with support below at 138.39, 138.21 and 137.98, with resistance above at 138.80, 139.03, and 139.21. Hourly Moving Averages are mostly bearish with the 200SMA at 138.69 and the daily 20EMA at 138.80. Hourly RSI is bearish at 44.
In red
EUR/JPY finished Monday in red zone, as JPY was growing across the board on worsening risk sentiments. Macroeconomic statistics is of little importance nowadays, but it is still worth while keeping eyes at such publications as German Trade Balance and Current Account data as they may influence ECB monetary policy expectations. Lower export numbers might put EUR under mild pressure across the board and push EUR/JPY to the first support of 138.37 (Asian low) and then to 138.10/00.
What are today’s key EUR/JPY levels?
Today's central pivot point can be found at 138.62, with support below at 138.39, 138.21 and 137.98, with resistance above at 138.80, 139.03, and 139.21. Hourly Moving Averages are mostly bearish with the 200SMA at 138.69 and the daily 20EMA at 138.80. Hourly RSI is bearish at 44.