4 Apr 2014
EUR/JPY is suspiciously quiet close to its opening level at 142.42
FXStreet (Moscow) - EUR/JPY doesn’t want to leave its narrow 35-pips range ahead of US session calendar risk event
EUR/JPY is technically bound to fall
EUR/JPY doji on the daily chart from was confirmed yesterday by a pronounced bearish movement. The cross is still in the green zone on weekly basis, but current bearish trend continues into the end of the day, we may end up with another doji or a shooting star, which is also considered to be a bearish reversal pattern. On the intraday basis we need to keep and eye on 142.00 support level, that may be broken if the single currency starts falling on positive US labour market report. On the upside the strong resistance is cluster in 142.55/65 area. oNce we are above it, the upside will accelerate to 142.80.
What are today’s key EUR/JPY levels?
Today's central pivot point can be found at 142.79, with support below at 142.11, 141.62 and 140.94, with resistance above at 143.27, 143.95, and 144.44. Hourly Moving Averages are bearish, with the 200SMA at 142.54 and the daily 20EMA is bullish at 141.67. Hourly RSI is neutral at 38.
EUR/JPY is technically bound to fall
EUR/JPY doji on the daily chart from was confirmed yesterday by a pronounced bearish movement. The cross is still in the green zone on weekly basis, but current bearish trend continues into the end of the day, we may end up with another doji or a shooting star, which is also considered to be a bearish reversal pattern. On the intraday basis we need to keep and eye on 142.00 support level, that may be broken if the single currency starts falling on positive US labour market report. On the upside the strong resistance is cluster in 142.55/65 area. oNce we are above it, the upside will accelerate to 142.80.
What are today’s key EUR/JPY levels?
Today's central pivot point can be found at 142.79, with support below at 142.11, 141.62 and 140.94, with resistance above at 143.27, 143.95, and 144.44. Hourly Moving Averages are bearish, with the 200SMA at 142.54 and the daily 20EMA is bullish at 141.67. Hourly RSI is neutral at 38.