5 May 2014
EUR/JPY consolidated the bull run
FXStreet (Guatemala) - EUR/JPY is trading at 141.68, down -0.03% on the day, having posted a daily high at 141.89 and low at 141.29.
EUR/JPY remains calm post the modest volatility earlier on while there is a quiet continuation in markets with holidays. Strategists at TD Securities noted that movement in the overnight markets has been very limited as a result. “However, some familiar themes remain present; spreading violence in Ukraine has weighed on European equities and boosted the JPY”. Meanwhile, from the European calendar, revisions to the services and composite PMIs for April were released in Germany, France, and the Euro-area as a whole. There had been no significant revision, so the PMIs, as analysts at RBS noted, are unlikely to alter the ECB's view of a modest recovery on-going in the Euro-area.
EUR/JPY Levels
Spot is presently trading at 141.68, and next resistance can be seen at 141.69 (Hourly 200 SMA), 141.72 (Weekly Low), 141.74 (Weekly Classic PP), 141.76 (Daily Open) and 141.77 (Hourly 100 SMA). Next support to the downside can be found at 141.64 (Yesterday's Low), 141.62 (Hourly 20 EMA), 141.58 (Daily 20 SMA), 141.43 (Daily Classic S1) and 141.31 (Daily 100 SMA).
EUR/JPY chart levels
Regarding candlestick formations, we can see Doji formation on the 1-hour.
EUR/JPY remains calm post the modest volatility earlier on while there is a quiet continuation in markets with holidays. Strategists at TD Securities noted that movement in the overnight markets has been very limited as a result. “However, some familiar themes remain present; spreading violence in Ukraine has weighed on European equities and boosted the JPY”. Meanwhile, from the European calendar, revisions to the services and composite PMIs for April were released in Germany, France, and the Euro-area as a whole. There had been no significant revision, so the PMIs, as analysts at RBS noted, are unlikely to alter the ECB's view of a modest recovery on-going in the Euro-area.
EUR/JPY Levels
Spot is presently trading at 141.68, and next resistance can be seen at 141.69 (Hourly 200 SMA), 141.72 (Weekly Low), 141.74 (Weekly Classic PP), 141.76 (Daily Open) and 141.77 (Hourly 100 SMA). Next support to the downside can be found at 141.64 (Yesterday's Low), 141.62 (Hourly 20 EMA), 141.58 (Daily 20 SMA), 141.43 (Daily Classic S1) and 141.31 (Daily 100 SMA).
EUR/JPY chart levels
Regarding candlestick formations, we can see Doji formation on the 1-hour.