2 May 2014
EUR/JPY is bogged down at 141.85
FXStreet (Moscow) - EUR/JPY is still trading at 141.85. Deja vu from yesterday
Nowhere to go
EUR/JPY is dead at current levels of 141.80. The cross finished Thursday unchanged after sleepy intraday movements within 66-pip range. Today the picture won’t be any different as the markets are waiting for the key risk event - US Non-Farm Payroll numbers - and refrain from investment decisions as this report is notorious for its highly volatile market reactions. EUR/JP will be subject to knock-on effects of EUR/USD dynamics. From the technical point of view, the cross is likely to oscillate between 141.60 on the downside and 141.90 on the upside before US data.
What are today’s key EUR/JPY levels?
Today's central pivot point can be found at 141.87, with support below at 141.71, 140.50 and 140.34, with resistance above at 142.08, 142.24, and 143.45. Hourly Moving Averages are mostly bullish with the 200SMA at 141.67 and the daily 20EMA at 141.56. Hourly RSI is bullish at 53.
Nowhere to go
EUR/JPY is dead at current levels of 141.80. The cross finished Thursday unchanged after sleepy intraday movements within 66-pip range. Today the picture won’t be any different as the markets are waiting for the key risk event - US Non-Farm Payroll numbers - and refrain from investment decisions as this report is notorious for its highly volatile market reactions. EUR/JP will be subject to knock-on effects of EUR/USD dynamics. From the technical point of view, the cross is likely to oscillate between 141.60 on the downside and 141.90 on the upside before US data.
What are today’s key EUR/JPY levels?
Today's central pivot point can be found at 141.87, with support below at 141.71, 140.50 and 140.34, with resistance above at 142.08, 142.24, and 143.45. Hourly Moving Averages are mostly bullish with the 200SMA at 141.67 and the daily 20EMA at 141.56. Hourly RSI is bullish at 53.