16 Oct 2013
EUR/JPY to test 133.82 highs?
FXstreet.com (London) - EUR/JPY has continued to move along the ascending supporting line scoring a new high of 133.78.
Karen Jones, chief strategist at Commerzbank said, “We will retain our short term bearish outlook while 133.82 caps. Only if unexpectedly bettered, will the September high at 134.95 be back on the map. Only a fall below the 131.15 current October low will trigger losses to 127.97 August low”.
EUR/JPY Levels
The 20 DMA is 132.85, the 50 DMA is 131.73 and the 200 DMA is 128.06. RSI (14) reads 60.98. Supports are ascending from 131.82, 132.18, 132.47,132.66 and 133.16. Spot is currently133.60 while resistances are coming in at 133.82, 134.00 and 134.13.
Karen Jones, chief strategist at Commerzbank said, “We will retain our short term bearish outlook while 133.82 caps. Only if unexpectedly bettered, will the September high at 134.95 be back on the map. Only a fall below the 131.15 current October low will trigger losses to 127.97 August low”.
EUR/JPY Levels
The 20 DMA is 132.85, the 50 DMA is 131.73 and the 200 DMA is 128.06. RSI (14) reads 60.98. Supports are ascending from 131.82, 132.18, 132.47,132.66 and 133.16. Spot is currently133.60 while resistances are coming in at 133.82, 134.00 and 134.13.