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| Technical Analysis for EUR/JPY 8-7-2015 |
Eur/Jpy pair moved yesterday in the average price movement of 213 Pips, it recorded the highest level at 135.67 and the lowest at 133.53 and closed at 134.70 to Lose 80 Pips during yesterday’s trading according to economic data.
The pair opened today at 134.70 oscillatory between the 134.10 and the 134.85 levels during the Asian session in a trading average of 75 pips for the limitation of the market liquidity, and in the European session the pair went down to 133.78
The pair is moving in a series of down correction waves below the trend line.
We saw the pair achieved our target at 134.20
So it is expected that the pair Eur/jpy will reach the targeted level at 132.50 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: 133.59 and 132.49 and 131.45
Resistance levels: 135.73 and 136.77 and 137.87
For More Technical Outlook FxStations
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