7 Jun 2013
EUR/JPY shuffles higher post NFPs
FXstreet.com (Barcelona) - Following a morning session where traders had pushed EUR/JPY to post a low since May at 126.27, spot declined to 126.16 following today´s positive NFP numbers before edging higher.
EUR/JPY dips on better NFP numbers
Today´s NFP numbers came in 175K against expectations of 170K, alongside an increasing Unemployment print of 7.6% against forecasts of 7.5%, causing spot to dip and then edge higher in the immediate aftermath. Elsewhere, the Canadian Net Change in Employment came in at 95k against expectations of 15k and Unemployment declined marginally to 7.1%. EUR/JPY is currently trading at 127.17, down -1% on the days trading.
EUR/JPY Technicals suggest slightly oversold
Hourly Technicals are showing Stochastics ranging around oversold territory, with RSI just edging higher at 31. Hourly MA´s, both long and short term are showing a continuation of downside momentum. Daily support below can be seen at S2 at 127.03 and S3 at 125.60. Ahead resistance can be found at Pivot at 128.89 and R1 at 130.35.
EUR/JPY dips on better NFP numbers
Today´s NFP numbers came in 175K against expectations of 170K, alongside an increasing Unemployment print of 7.6% against forecasts of 7.5%, causing spot to dip and then edge higher in the immediate aftermath. Elsewhere, the Canadian Net Change in Employment came in at 95k against expectations of 15k and Unemployment declined marginally to 7.1%. EUR/JPY is currently trading at 127.17, down -1% on the days trading.
EUR/JPY Technicals suggest slightly oversold
Hourly Technicals are showing Stochastics ranging around oversold territory, with RSI just edging higher at 31. Hourly MA´s, both long and short term are showing a continuation of downside momentum. Daily support below can be seen at S2 at 127.03 and S3 at 125.60. Ahead resistance can be found at Pivot at 128.89 and R1 at 130.35.