17 Feb 2015
EUR/JPY sideward movement expected – Varengold
FXStreet (Barcelona) - The Varengold Bank Research Team shares the technical outlook and key levels for EUR/JPY.
Key Quotes
“After touching the resistance level at 149.77, the bears took control over this currency pair and the EUR highly lost in value versus the JPY.”
“At the moment the pair is traded close to its first resistance level at 136.66 and according to the indicators, this level may be to strong to pass in the short run.”
“A sideward movement between the first support and the first resistance line may be likely over the course of the next months.”
“Support Levels around 130.88”
“Resistance Levels around 136.66, 140.31,149.77”
Key Quotes
“After touching the resistance level at 149.77, the bears took control over this currency pair and the EUR highly lost in value versus the JPY.”
“At the moment the pair is traded close to its first resistance level at 136.66 and according to the indicators, this level may be to strong to pass in the short run.”
“A sideward movement between the first support and the first resistance line may be likely over the course of the next months.”
“Support Levels around 130.88”
“Resistance Levels around 136.66, 140.31,149.77”