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| Technical Outlook For Eur/Jpy 24-6-2015|Fxstations |
Eur/Jpy pair moved yesterday in the average price movement of 182 Pips, it recorded the highest level at 140.02 and the lowest at 138.21 and closed at 138.36 to lose 152 PIPs during yesterday’s trading according to Concern about the Greek case.
The pair opened today at 138.36 oscillatory between the 138.24 the 138.67 levels during the Asian session in a trading average of 43 pips for the limitation of the market liquidity, and in the European session the pair went up to 139.04
The pair is moving in a series of up Impulse waves in a Parallel price channel.
We saw yesterday the pair closed to our target at 138.10 but now the pair change its short term trend
So it is expected that the pair eur/jpy will reach the targeted level at 139.70 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: 137.70 and 137.05 and 135.89
Resistance levels: 139.51 and 140.67 and 141.32
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