23 Dec 2014
EUR/JPY remains in positive territory
FXStreet (Guatemala) - EUR/JPY is trading at 146.83, up 0.03% on the day, having posted a daily high at 146.97 and low at 146.72.
EUR/JPY remains in a tight range around the 146.80, turned, support area above 146.60 next support. The markets, for these hours in particular, are very thin due to the Japanese holiday amongst normal holiday season shortages. The main theme continues to rest with a bid greenback, with the Euro on the offer and Yen taken back onto the 120 handle and so gat holding.
From a technical point of view, Valeria Bednarik, chief analyst at FXStreet, explained that the short term picture presents a mild positive tone, as per price reaching higher highs and finding support in a short term ascendant trend line. “In the 4 hours chart indicators hold above their midlines, but show no aims to run in a certain direction”.
EUR/JPY remains in a tight range around the 146.80, turned, support area above 146.60 next support. The markets, for these hours in particular, are very thin due to the Japanese holiday amongst normal holiday season shortages. The main theme continues to rest with a bid greenback, with the Euro on the offer and Yen taken back onto the 120 handle and so gat holding.
From a technical point of view, Valeria Bednarik, chief analyst at FXStreet, explained that the short term picture presents a mild positive tone, as per price reaching higher highs and finding support in a short term ascendant trend line. “In the 4 hours chart indicators hold above their midlines, but show no aims to run in a certain direction”.