11:54 AM
Unknown
 |
| Technical Outlook for Eur-Jpy 21-6-2015 |
Eur/Jpy pair moved last Friday in the average price movement of 116 PIPs, it recorded the highest level at 140.10 and the lowest at 138.92 and closed at 139.26 to lose 50 PIPs during Friday’s trading according to the economic data.
The pair opened today at 139.76 oscillatory between the 139.43 and the 139.95 levels during the Asian session in a trading average of 50 pips for the limitation of the market liquidity, and in the European session the pair went down to 139.26 to cover the gap..
The 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 140.20 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: UP
Support levels: 138.75 and 138.24 and 137.57
Resistance levels: 139.93 and 140.60 and 141.11
For more Technical Outlook FxStations
0 comments :
Post a Comment