1 Jul 2013
EUR/JPY operating at intraday highs
FXstreet.com (New York) - The EUR/JPY technical cross is now operating at intraday highs during US trading, gradually augmenting its gains throughout the day.
EUR/JPY upside doesn’t subside
The EUR/JPY is presently trading at intraday highs at 130.27, having jumped +0.83% above its opening Monday. After breaching resistance at 129.89, the Danske Research Team identified further levels of resistance at 130.70, onto 131.30. Conversely, supports are found at 128.27, ahead of 127.60, and 127.49.
EUR/JPY further bullishness intraday
According to Technical Analyst Team at ICN.com, “The EUR/JPY managed to breach the resistance of the minor descending channel, forming the upside continuation Flag Pattern that supports extending the upside move in the upcoming period. Therefore, we expect further bullishness over intraday and short term basis, targeting areas from 131.05 then 133.75 as far as the pair maintains stability above 128.55.”
EUR/JPY upside doesn’t subside
The EUR/JPY is presently trading at intraday highs at 130.27, having jumped +0.83% above its opening Monday. After breaching resistance at 129.89, the Danske Research Team identified further levels of resistance at 130.70, onto 131.30. Conversely, supports are found at 128.27, ahead of 127.60, and 127.49.
EUR/JPY further bullishness intraday
According to Technical Analyst Team at ICN.com, “The EUR/JPY managed to breach the resistance of the minor descending channel, forming the upside continuation Flag Pattern that supports extending the upside move in the upcoming period. Therefore, we expect further bullishness over intraday and short term basis, targeting areas from 131.05 then 133.75 as far as the pair maintains stability above 128.55.”