4 Jul 2013
EUR/JPY testing the 130.00 level
FXstreet.com (New York) - The EUR/JPY recovery throughout the previous sessions has been gallant to say the least, notably as it dipped below the 129.00 level yesterday.
EUR/JPY 50-day MA supporting any collapse
According to the Technical Analyst Team at ICN.com, “The EUR/JPY plunged steeply and was trading below the 129.90, foiling the likelihood of an uptrend in the interim. However, we spotted the 50-day MA attempting to prevent the pair from dropping further.”
EUR/JPY eyes ECB decision
Ahead of the critical ECB interest rate decision later at 11:45 GMT, the EUR/JPY is currently operating at 130.03 in these moments, advancing at a marginal +0.04% during Asian trading. Technically speaking, the Mataf.net analyst team has calculated the next resistances at 131.15, then 131.77, and finally 132.43. Alternatively, a movement lower will open up supportive structures at 129.87, ahead of 129.21, and ultimately 128.51.
EUR/JPY 50-day MA supporting any collapse
According to the Technical Analyst Team at ICN.com, “The EUR/JPY plunged steeply and was trading below the 129.90, foiling the likelihood of an uptrend in the interim. However, we spotted the 50-day MA attempting to prevent the pair from dropping further.”
EUR/JPY eyes ECB decision
Ahead of the critical ECB interest rate decision later at 11:45 GMT, the EUR/JPY is currently operating at 130.03 in these moments, advancing at a marginal +0.04% during Asian trading. Technically speaking, the Mataf.net analyst team has calculated the next resistances at 131.15, then 131.77, and finally 132.43. Alternatively, a movement lower will open up supportive structures at 129.87, ahead of 129.21, and ultimately 128.51.