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| Technical Outlook For Eur-Jpy 6-8-2015 |
Eur/Jpy pair moved Yesterday in the average price movement of 120 Pips; it recorded the highest level at 136.18 and the lowest at 134.98 and closed at 136.15 to Gain 82 pips during yesterday’s trading.
The pair opened today at 136.15 oscillatory between the 136.00 and the 136.36 during the Asian session in a trading average of 36 pips for the limitation of the market liquidity.
The pair is moving in a series of up impulse waves after returning to trade inside the triangle.
It is expected that the pair Eur-Jpy will reach the targeted level at 136.70 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: 135.36 and 134.57 and 134.16
Resistance levels: 136.56 and 136.97 and 137.76
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