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| Technical Analysis for EUR/JPY 16-7-2015 |
Eur/Jpy pair moved yesterday in the average price movement of 102 Pips, it recorded the highest level at 136.37 and the lowest at 135.34 and closed at 135.48 to Lose 31 PIPs during yesterday’s trading.
The pair opened today at 135.48 and in the European session the pair fall down to 135.04
The pair is moving in a series of down correction waves after breaking the parallel price channel.
It is expected that the pair Eur/jpy will reach the targeted level at 134.10 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: 135.09 and 134.70 and 134.06
Resistance levels: 136.12 and 136.76 and 137.15
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