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| Technical Outlook for EUR-JPY 27-7-2015 |
Eur/Jpy pair moved last Friday in the average price movement of 75 Pips; it recorded the highest level at 136.27 and the lowest at 135.51 and closed at 135.88 to Lose 19 Pips during Friday’s trading.
The pair opened today at 135.88 oscillatory between the 135.74 and the 136.00 levels during the Asian session in a trading average of 26 pips for the limitation of the market liquidity, and in the European session the pair went up to 136.98
The pair is moving in a series of up impulse waves after breaking the parallel price channel.
It is expected that the pair eur-jpy will reach the targeted level at 137.15 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: 135.50 and 135.12 and 134.74
Resistance levels: 136.26 and 136.64 and 137.02ِ
More Technical Outlook FxStations
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