8 Apr 2015
EUR/JPY making lower highs as greenback advances
FXStreet (Guatemala) - EUR/JPY is currently trading at 130.12 with a high of 130.20 and a low of 130.00.
The cross is unable to exceed recent highs and EUR/JPY has lost gains at the 130.80 resistance mark despite a good run in global stocks of late and trades heavily while the greenback makes advances across the board and pressures the euro once again.
Technically, Valeria Bednarik, chief analyst at FXStreet explained that in the 4 hours chart, the technical indicators maintain their bearish slopes, but remain above their mid-lines, saying that this is suggesting a downward acceleration through the 130.00 area is required to confirm further declines.
The cross is unable to exceed recent highs and EUR/JPY has lost gains at the 130.80 resistance mark despite a good run in global stocks of late and trades heavily while the greenback makes advances across the board and pressures the euro once again.
Technically, Valeria Bednarik, chief analyst at FXStreet explained that in the 4 hours chart, the technical indicators maintain their bearish slopes, but remain above their mid-lines, saying that this is suggesting a downward acceleration through the 130.00 area is required to confirm further declines.