5 Dec 2013
EUR/JPY uninterested in ECB rate hold
FXstreet.com (Barcelona) - Having gently declined overnight and through the European session, to find support at the hourly 50 SMA at 138.76, EUR/JPY has ignored the ECB decision to hold rates at 0.25%
EUR/JPY unmoved, eyes on Draghi
With the pair declining overnight following soft Japanese foreign investment data and a falling Nikkei, the pair found support in the morning following commentary from the BoJ Governor Kuroda who stated that the central bank was committed to QE in search of a sustainable rise to 2% inflation. The pair since ranged on support of the hourly 50 SMA, largely ignoring the ECB’s decision to hold rates at 0.25%
What are today’s key EUR/JPY levels?
Hourly RSI at 42 and looking rangebound, while the FXstreet.com Trend Index is showing a strongly bearish outlook. The hourly 200 SMA is flat at 138.69, while the daily 20 EMA is bullish at 136.86. Today’s key pivot point sits at 139.00, with support below at 138.3757 (S1), 137.7988 (S2) and 137.1692 (S3), and resistance ahead at 139.5822 (R1), 140.2118 (R2) and 140.7887 (R3).
EUR/JPY unmoved, eyes on Draghi
With the pair declining overnight following soft Japanese foreign investment data and a falling Nikkei, the pair found support in the morning following commentary from the BoJ Governor Kuroda who stated that the central bank was committed to QE in search of a sustainable rise to 2% inflation. The pair since ranged on support of the hourly 50 SMA, largely ignoring the ECB’s decision to hold rates at 0.25%
What are today’s key EUR/JPY levels?
Hourly RSI at 42 and looking rangebound, while the FXstreet.com Trend Index is showing a strongly bearish outlook. The hourly 200 SMA is flat at 138.69, while the daily 20 EMA is bullish at 136.86. Today’s key pivot point sits at 139.00, with support below at 138.3757 (S1), 137.7988 (S2) and 137.1692 (S3), and resistance ahead at 139.5822 (R1), 140.2118 (R2) and 140.7887 (R3).