Back
FXStreet (Moscow) - EUR/JPY opened the Asian session at 141.76, but drifted lower to current level of 141.45 on the back of positive JPY dynamics across the board.
EUR/JPY can’t decide where to go
On Wednesday EUR/JPY reversed the losses of the previous day and close at 141.75. From the longer-term perspective the cross has stuck in a narrow range limited by 142.00 on the upside and 140.70 on the downside. It means that we need to see a meaningful break out of the range to get the clearer picture of further EUR/JPY dynamics. On the intraday basis the cross is influenced by EUR bearish sentiments on on hand and JPY cautions upside correction. A the European calendar is quiet today, risk sentiments and speculative flows are going to be the main catalysts for EUR/JPY. The nearest short-term support level comes at 1h 50 EMA of 141.42. Once broken, the downside will accelerate to 141.20. The upside is likely to be limited by 141.80-90.
What are today’s key EUR/JPY levels?
Today's central pivot point can be found at 141.51, with support below at 141.08, 140.62 and 140.19, with resistance above at 141.97, 142.40, and 142.86. Hourly Moving Averages are mostly bullish, with the 200SMA at 142.13 and the daily 20EMA at 141.30. Hourly RSI is neutral at 55.
20 Mar 2014
EUR/JPY tries to go below 141.40/45 support
FXStreet (Moscow) - EUR/JPY opened the Asian session at 141.76, but drifted lower to current level of 141.45 on the back of positive JPY dynamics across the board.
EUR/JPY can’t decide where to go
On Wednesday EUR/JPY reversed the losses of the previous day and close at 141.75. From the longer-term perspective the cross has stuck in a narrow range limited by 142.00 on the upside and 140.70 on the downside. It means that we need to see a meaningful break out of the range to get the clearer picture of further EUR/JPY dynamics. On the intraday basis the cross is influenced by EUR bearish sentiments on on hand and JPY cautions upside correction. A the European calendar is quiet today, risk sentiments and speculative flows are going to be the main catalysts for EUR/JPY. The nearest short-term support level comes at 1h 50 EMA of 141.42. Once broken, the downside will accelerate to 141.20. The upside is likely to be limited by 141.80-90.
What are today’s key EUR/JPY levels?
Today's central pivot point can be found at 141.51, with support below at 141.08, 140.62 and 140.19, with resistance above at 141.97, 142.40, and 142.86. Hourly Moving Averages are mostly bullish, with the 200SMA at 142.13 and the daily 20EMA at 141.30. Hourly RSI is neutral at 55.