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Technical Analysis for EUR/JPY 15-7-2015
Eur/Jpy pair moved yesterday in the average price movement of 116 PIPs, it recorded the highest level at 136.43 and the lowest at 135.27 and closed at 135.79 to Lose Just 5 PIPs during yesterday’s trading.
The pair opened today at 135.79 oscillatory between the 135.52 and the 135.91 levels during the Asian session in a trading average of 39 pips for the limitation of the market liquidity, and in the European session the pair went up to 136.26
The pair is moving in a series of down correction waves after breaking the parallel price channel.
It is expected that the pair Eur/jpy will reach the targeted level at 136.95 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: Down
Support levels: 135.23 and 134.67 and 134.07
Resistance levels: 136.39 and 136.99 and 137.55
For More Technical Outlook FxStations
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