17 Jun 2014
EUR/JPY posts modest gains on Tuesday
FXStreet (Córdoba) - The Euro rose for the second day in a row against the Yen, ahead of the FOMC meeting. The EUR/JPY peaked on European horus at 138.53 and then pulled back, but held above 138.20.
Currently trades at 138.30, 0.06% above today’s opening price, headed toward the highest daily close in a week.
EUR/JPY outlook
From a technical perspective, hourly charts indicators stand in neutral territory, according to Valeria Bednarik, Chief Analyst at FXStreet, but warns that the 4-hour chart indicators are turning lower and approaching their midlines from above.
“If Asian share markets follow their overseas partners, there’s a chance the pair may continue recovering, looking then for an approach to the 139.00 price zone”, says Bednarik.
Currently trades at 138.30, 0.06% above today’s opening price, headed toward the highest daily close in a week.
EUR/JPY outlook
From a technical perspective, hourly charts indicators stand in neutral territory, according to Valeria Bednarik, Chief Analyst at FXStreet, but warns that the 4-hour chart indicators are turning lower and approaching their midlines from above.
“If Asian share markets follow their overseas partners, there’s a chance the pair may continue recovering, looking then for an approach to the 139.00 price zone”, says Bednarik.