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| Technical Analysis for EUR-JPY 2-7-2015 |
Eur-Jpy pair moved yesterday in the average price movement of 136 Pips, it recorded the highest level at 137.42 and the lowest at 136.03 and closed at 136.16 to Lose 22 Pips during Yesterday’s trading according to Concern about the Greek case.
The pair opened today at 136.16 oscillatory between the 136.03 and the 136.63 levels during the Asian session in a trading average of 60 pips for the limitation of the market liquidity.
The pair is moving in a series of down correction waves after breaking the price channel.
So it is expected that the pair eur/jpy will reach the targeted level at 135.50 in the next few hours.
The Relative Strength Indicator "RSI" reveals that the distribution operations at the market and the control of Bears on the market...
Medium term trend: Down
Support levels: 135.65 and 135.14 and 134.26
Resistance levels: 137.04 and 137.92 and 138.43
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