28 May 2014
EUR/JPY is glued to 139.00 pivot
FXStreet (Moscow) - EUR/JPY has opened at 139.00, but retreated to 138.96. The trading activity is low.
Depression to mention
EUR/JPY has frozen to 139.00 level. The cross is unwilling to move too far away from this pivot as both EUR and JPY investors cannot decide what to do next. On the intraday basis, from technical factors, keep your eyes peeled for European macroeconomic reports. German import prices and unemployment data may trigger some volatility as markets are hungry for catalysts. The bulls need a clear break above yesterday’s high at 139.36 to get the control over the situation, while the bears might try to push the cross below 138.80 support.
What are today’s key EUR/JPY levels?
Today's central pivot point can be found at 139.08, with support below at 138.78, 138.52 and 138.21, with resistance above at 139.34, 139.65, and 139.91. Hourly Moving Averages are mostly bearish with the 200SMA at 138.95 and the daily 20EMA at 139.83. Hourly RSI is bearish at 43.
Depression to mention
EUR/JPY has frozen to 139.00 level. The cross is unwilling to move too far away from this pivot as both EUR and JPY investors cannot decide what to do next. On the intraday basis, from technical factors, keep your eyes peeled for European macroeconomic reports. German import prices and unemployment data may trigger some volatility as markets are hungry for catalysts. The bulls need a clear break above yesterday’s high at 139.36 to get the control over the situation, while the bears might try to push the cross below 138.80 support.
What are today’s key EUR/JPY levels?
Today's central pivot point can be found at 139.08, with support below at 138.78, 138.52 and 138.21, with resistance above at 139.34, 139.65, and 139.91. Hourly Moving Averages are mostly bearish with the 200SMA at 138.95 and the daily 20EMA at 139.83. Hourly RSI is bearish at 43.