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| Technical Analysis for EUR/JPY |
Eur/Jpy pair moved yesterday in the average price movement of 138 Pips, it recorded the highest level at 139.16 and the lowest at 138.29 and closed at 138.81 to Gain 44 Pips during yesterday’s trading according to Concern about the Greek case.
The pair opened today at 138.81 oscillatory between the 138.40 the 138.84 levels during the Asian session in a trading average of 44 pips for the limitation of the market liquidity.
The pair is moving in a series of up Impulse waves in a Parallel price channel.
So it is expected that the pair Eur/jpy will reach the targeted level at 139.30 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: 138.34 and 137.88 and 137.47
Resistance levels: 139.21 and 139.62 and 140.08
For More Technical Outlook FxStations
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