 |
| Technical Outlook For Eur-Jpy 4-8-2015 |
Eur/Jpy pair moved Yesterday in the average price movement of 86 Pips; it recorded the highest level at 136.44 and the lowest at 135.57 and closed at 135.79 to lose 10 pips during yesterday’s trading.
The pair opened today at 135.81 and in suddenly movement the pair went down to 135.40 and rise back again and held steady oscillatory between the 135.55 and the 135.90 during the Asian session in a trading average of 35 pips for the limitation of the market liquidity.
The pair is moving in a series of up impulse waves inside the triangle.
It is expected that the pair Eur-Jpy will reach the targeted level at 137.00 in the next few hours.
The Relative Strength Indicator "RSI" reveals that the accumulation operations at the market and the control of Bulls on the market.
Medium term trend: up
Support levels: 135.42 and 135.06 and 134.55
Resistance levels: 136.29 and 136.80 and 137.16
More Technical Outlook FxStations
0 comments:
Post a Comment