20 Jun 2014
EUR/JPY stumbled at 138.70 on the way to June highs
FXStreet (Moscow) - EUR/JPY opened the day at 138.70, and fainted right away showing some convulsive moves from time to time.
Soft flirting with highs
The pair is softly flirting with recent highs area around 138.80, however, the moves up within a weekly uptrend move may be limited, since yen may regain the popularity as a safe heaven on rising geopolitical tensions. The absence of any key releases scheduled for today may leave the pair in tight ranges with 138.95 resistance and 138.46 support as the short-term boundaries.
What are today’s key EUR/JPY levels?
Today's central pivot point can be found at 138.68, with support below at 138.46, 138.19 and 137.97, with resistance above at 138.95, 139.17, and 139.44. Hourly Moving Averages are largely bullish, with the 200SMA at 138.39 and the daily 20EMA flat at 138.90. Hourly RSI is bullish at 56.
Soft flirting with highs
The pair is softly flirting with recent highs area around 138.80, however, the moves up within a weekly uptrend move may be limited, since yen may regain the popularity as a safe heaven on rising geopolitical tensions. The absence of any key releases scheduled for today may leave the pair in tight ranges with 138.95 resistance and 138.46 support as the short-term boundaries.
What are today’s key EUR/JPY levels?
Today's central pivot point can be found at 138.68, with support below at 138.46, 138.19 and 137.97, with resistance above at 138.95, 139.17, and 139.44. Hourly Moving Averages are largely bullish, with the 200SMA at 138.39 and the daily 20EMA flat at 138.90. Hourly RSI is bullish at 56.