7 Apr 2014
EUR/JPY keep gains above 141.50
FXStreet (Edinburgh) - The EUR/JPY is now trading in a narrow range between 141.60 y 141.80, propped up by the better sentiment around the single currency.
How strong has the move been?
After dippoing to sub-141.20 levels overnight, the cross sparked a correction higher along with a better mood in the risk-on space. Positive data from the German industrial sector and the improvement from the EMU's Sentix index also added to the buoyancy around the EUR. At the time
of writing, RSI is neutral at 46.21, down from 46.79 at the last hour close, while ADX is ranging at 27.00, up from 15.49 previous.Meanwhile, daily RSI is in neutral territory at 50.24.
What price levels and patterns have to be considered?
With spot trading at 141.64, we can see next resistance ahead at 141.67 (Daily 20 SMA), 141.68 (Hourly 20 EMA), 141.85 (Daily Classic PP),
141.88 (Hourly 200 SMA) and 141.92 (Daily High). Support below can be f
How strong has the move been?
After dippoing to sub-141.20 levels overnight, the cross sparked a correction higher along with a better mood in the risk-on space. Positive data from the German industrial sector and the improvement from the EMU's Sentix index also added to the buoyancy around the EUR. At the time
of writing, RSI is neutral at 46.21, down from 46.79 at the last hour close, while ADX is ranging at 27.00, up from 15.49 previous.Meanwhile, daily RSI is in neutral territory at 50.24.
What price levels and patterns have to be considered?
With spot trading at 141.64, we can see next resistance ahead at 141.67 (Daily 20 SMA), 141.68 (Hourly 20 EMA), 141.85 (Daily Classic PP),
141.88 (Hourly 200 SMA) and 141.92 (Daily High). Support below can be f