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| Technical Outlook for Eur-Jpy 29-7-2015 |
Eur/Jpy pair moved Yesterday in the average price movement of 60 Pips; it recorded the highest level at 136.96 and the lowest at 136.36 and closed at 136.63 the same opining price during Yesterday’s trading.
The pair opened today at 136.62 oscillatory between the 136.60 and the 136.82 levels during the Asian session in a trading average of 22 pips for the limitation of the market liquidity, and in the European session the pair went down to 136.32The pair is moving in a series of up impulse waves in a parallel price channel.
It is expected that the pair Eur-Jpy will reach the targeted level at 137.20 in the next few hours, and go down again.
The Relative Strength Indicator "RSI" reveals that the accumulation operations at the market and the control of Bulls on the market.
Medium term trend: up
Support levels: 136.34 and 136.05 and 135.74
Resistance levels: 136.94 and 137.25 and 137.54
More Technical Outlook FxStations
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