24 Jun 2013
EUR/JPY bounces hard at 127.25 and trades back at 128.20
FXstreet.com (San Francisco) - After falling around 160 pips from 128.85 in the early American session, the EUR/JPY founded support at 127.25 where the pair bounced to trade back above the 128.00 area and to test the 128.40 level.
Currently, the EUR/JPY is trading around 128.18, flat on the day. Short term perspective has turned into slightly bullish in the 15-minute chart according to the FXstreet.com trend index. Indicators such as MACD, CCI and Momentum are pointing to the north while the stochastic is neutral.
Above the 128.40, next EUR/JPY's resistances are at 129.10, 129.65 and 130.00. On the downside, bellow the 128.00, supports are at 127.50 and 127.30.
Currently, the EUR/JPY is trading around 128.18, flat on the day. Short term perspective has turned into slightly bullish in the 15-minute chart according to the FXstreet.com trend index. Indicators such as MACD, CCI and Momentum are pointing to the north while the stochastic is neutral.
Above the 128.40, next EUR/JPY's resistances are at 129.10, 129.65 and 130.00. On the downside, bellow the 128.00, supports are at 127.50 and 127.30.