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3 Jul 2014
EUR/JPY has settled above 139.00
FXStreet (Moscow) - EUR/JPY is back to 139.00 pivot after moving to Asian high of 139.17
Servant of two masters
EUR/JPY is moving in tandem with USD/JPY and waiting for the key risk events of the week - ECB policy meeting and US Non-Farm Payrolls report. Traditionally, the cross is a servant of two masters as it is it is influenced by weaker EUR on the back of potentially softer ECB stance and stronger USD/JPY on the back of potentially higher US labor market data. From the technical point of view, bulls are in better position as long as the cross trades above 139.00, though they need a sustained break above 139.20 to hope for further upside.
What are today’s key EUR/JPY levels?
Today's central pivot point can be found at 138.88, with support below at 138.67, 138.34 and 138.13, with resistance above at 139.22, 139.42, and 139.76. Hourly Moving Averages are bullish with the 200SMA at 138.65 and the daily 20EMA at 138.81. Hourly RSI is bullish at 56.
Servant of two masters
EUR/JPY is moving in tandem with USD/JPY and waiting for the key risk events of the week - ECB policy meeting and US Non-Farm Payrolls report. Traditionally, the cross is a servant of two masters as it is it is influenced by weaker EUR on the back of potentially softer ECB stance and stronger USD/JPY on the back of potentially higher US labor market data. From the technical point of view, bulls are in better position as long as the cross trades above 139.00, though they need a sustained break above 139.20 to hope for further upside.
What are today’s key EUR/JPY levels?
Today's central pivot point can be found at 138.88, with support below at 138.67, 138.34 and 138.13, with resistance above at 139.22, 139.42, and 139.76. Hourly Moving Averages are bullish with the 200SMA at 138.65 and the daily 20EMA at 138.81. Hourly RSI is bullish at 56.