26 Mar 2014
EUR/JPY is in the middle of 2-week range
FXStreet (Moscow) - EUR/JPY opened the day at 141,36 reached session high at 141.49, and since that time is drifting lower.
EUR/JPY is confused
The pair has stuck in the range of 140.50-141.70 since the middle of March, and it has hard time breaking either of the boundaries. Euro zone keeps publishing mixed data, and the officials from euro zone keep giving mixed comments, thus, nothing surprising in the lack of direction in the pair. The increased pressure may push the cross down to 140.84 and even to 140.30, while the corrective upside is likely to be limited by 141.77.
What are today’s key EUR/JPY levels?
Today's central pivot point can be found at 141.23, with support below at 140.84, 140.30 and 139.91, with resistance above at 141.77, 142.16, and 142.70. Hourly Moving Averages are largely bullish, with the 200SMA at 141.30 and the daily 20EMA flat at 141.29. Hourly RSI is neutral at 53.
EUR/JPY is confused
The pair has stuck in the range of 140.50-141.70 since the middle of March, and it has hard time breaking either of the boundaries. Euro zone keeps publishing mixed data, and the officials from euro zone keep giving mixed comments, thus, nothing surprising in the lack of direction in the pair. The increased pressure may push the cross down to 140.84 and even to 140.30, while the corrective upside is likely to be limited by 141.77.
What are today’s key EUR/JPY levels?
Today's central pivot point can be found at 141.23, with support below at 140.84, 140.30 and 139.91, with resistance above at 141.77, 142.16, and 142.70. Hourly Moving Averages are largely bullish, with the 200SMA at 141.30 and the daily 20EMA flat at 141.29. Hourly RSI is neutral at 53.