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5 Sep 2014
EUR/JPY sits at 136.20 support
FXStreet (Moscow) - EUR/JPY has settled at 136.20 support after a failed attempt to recover to the Asian high at 136.61
EUR/JPY grasps at straws
EUR/JPY lost about 150 pips during European session on Thursday. The downside was caused by EUR tumbling down across the board after ECB decision to cut policy rate and push deposit rate deeper into the negative territory. JPY weakening against USD helped EUR/JPY to settle above 136.00 despite strong bearish pressure on the single currency. Today the focus shifts onto US Non-Farm Payrolls data, that may trigger USD buying spree. In this case EUR/JPY could resume the downside due to the knock-on effect. The initial bearish target is 136.00/135.90. A sustained break below will open up the way towards 135.50.
What are today’s key EUR/JPY levels?
Today's central pivot point can be found at 136.76, with support below at 135.46, 134.67 and 133.39, with resistance above at 137.54, 138.82, and 139.61. Hourly Moving Averages are mixed with the 200SMA bearish at 137.16 and the daily 20EMA flat at 137.17. Hourly RSI is bearish at 29
EUR/JPY grasps at straws
EUR/JPY lost about 150 pips during European session on Thursday. The downside was caused by EUR tumbling down across the board after ECB decision to cut policy rate and push deposit rate deeper into the negative territory. JPY weakening against USD helped EUR/JPY to settle above 136.00 despite strong bearish pressure on the single currency. Today the focus shifts onto US Non-Farm Payrolls data, that may trigger USD buying spree. In this case EUR/JPY could resume the downside due to the knock-on effect. The initial bearish target is 136.00/135.90. A sustained break below will open up the way towards 135.50.
What are today’s key EUR/JPY levels?
Today's central pivot point can be found at 136.76, with support below at 135.46, 134.67 and 133.39, with resistance above at 137.54, 138.82, and 139.61. Hourly Moving Averages are mixed with the 200SMA bearish at 137.16 and the daily 20EMA flat at 137.17. Hourly RSI is bearish at 29