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| Technical Outlook for EUR-JPY 28-7-2015 |
Eur/Jpy pair moved Yesterday in the average price movement of 135 Pips; it recorded the highest level at 137.09 and the lowest at 135.74 and closed at 136.62 to Gain 74 Pips during Yesterday’s trading.
The pair opened today at 136.62 oscillatory between the 136.47 and the 136.97 levels during the Asian session in a trading average of 50 pips for the limitation of the market liquidity.
The pair is moving in a series of up impulse waves in a parallel price channel.
We saw the pair was Trading yesterday close to our target at 137.15
It is expected that the pair eur-jpy will reach the targeted level at 137.20 in the next few hours, and go down again.
The Relative Strength Indicator "RSI" reveals that the accumulation operations at the market and the control of Bulls on the market.
Medium term trend: Down
Support levels: 135.87 and 135.13 and 134.52
Resistance levels: 137.22 and 137.83 and 138.57
More Technical Outlook FxStations
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