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27 May 2014
The pivot of 139.00 is still a stumbling block for EUR/JPY bulls
FXStreet (Moscow) - EUR/JPY failed to settle above 139.00 and dropped to 138.88 early in Europe.
EUR/JPY дщсл ащк bulls are short-term losers
EUR/JPY is pressing lower on the back of JPY strengthening across the board. EUR is also in retreat against USD, which increases the downside pressure on cross. As there are no fundamental news, relevant for EUR/JPY, the cross is left to the mercy of technical factors, where the pivotal level of 139.00 plays the key role. Now that the bulls lost the initiative, the cross might extend the downside to May 23 low of 138.00. If this support is broken, area of medium demand at 13860 will come into sight.
What are today’s key EUR/JPY levels?
Today's central pivot point can be found at 138.99, with support below at 138.85, 138.59 and 138.45, with resistance above at 139.24, 139.38, and 139.64. Hourly Moving Averages are bullish with the 200SMA at 139.00 and the daily 20EMA at 139.92. Hourly RSI is bullish at 74.
EUR/JPY дщсл ащк bulls are short-term losers
EUR/JPY is pressing lower on the back of JPY strengthening across the board. EUR is also in retreat against USD, which increases the downside pressure on cross. As there are no fundamental news, relevant for EUR/JPY, the cross is left to the mercy of technical factors, where the pivotal level of 139.00 plays the key role. Now that the bulls lost the initiative, the cross might extend the downside to May 23 low of 138.00. If this support is broken, area of medium demand at 13860 will come into sight.
What are today’s key EUR/JPY levels?
Today's central pivot point can be found at 138.99, with support below at 138.85, 138.59 and 138.45, with resistance above at 139.24, 139.38, and 139.64. Hourly Moving Averages are bullish with the 200SMA at 139.00 and the daily 20EMA at 139.92. Hourly RSI is bullish at 74.