14 Apr 2014
EUR/JPY a risk-off play and opens lower
FXStreet (Guatemala) - Currently, EUR/JPY is trading at 140.56, down -0.38% on the day, having posted a daily high at 140.85 and low at 140.42.
EUR/JPY is going to be favoured to the downside in risk off markets while we are seeing the tensions in the Ukraine on the increase. The UN Security council is now coordinating an emergency meeting on the situation. Meanwhile, the Nikkei trades lower in the opening hour of this week.
The FXStreet OB/OS Index is reflecting neutral hourly conditions, while the FXStreet Trend Index is slightly bearish. Currently RSI is at 25.79, down from the last hourly print at 36.38, with ADX at 49.01, up from its previous close at 21.76. Daily RSI sits at 48.08, in neutral territory. Looking to momentum indicators, the hourly 200 SMA is currently at 141.05, down from the last close at 141.78 and declining. Over the past 20 days, the exponential average closing price is 141.44, and ranging.
EUR/JPY Levels
Spot is presently trading at 140.59, and next resistance can be seen at 140.63 (Last trading days Low), 140.64 (Daily Classic S1), 140.71 (Daily Open), 140.85 (Daily High) and 141.01 (Hourly 20 EMA). Next support to the downside can be found at 140.46 (Weekly Low), 140.42 (Daily Low), 140.40 (Monthly Low), 140.16 (Weekly Classic S1) and 140.16 (Daily Classic S2).
EUR/JPY is going to be favoured to the downside in risk off markets while we are seeing the tensions in the Ukraine on the increase. The UN Security council is now coordinating an emergency meeting on the situation. Meanwhile, the Nikkei trades lower in the opening hour of this week.
The FXStreet OB/OS Index is reflecting neutral hourly conditions, while the FXStreet Trend Index is slightly bearish. Currently RSI is at 25.79, down from the last hourly print at 36.38, with ADX at 49.01, up from its previous close at 21.76. Daily RSI sits at 48.08, in neutral territory. Looking to momentum indicators, the hourly 200 SMA is currently at 141.05, down from the last close at 141.78 and declining. Over the past 20 days, the exponential average closing price is 141.44, and ranging.
EUR/JPY Levels
Spot is presently trading at 140.59, and next resistance can be seen at 140.63 (Last trading days Low), 140.64 (Daily Classic S1), 140.71 (Daily Open), 140.85 (Daily High) and 141.01 (Hourly 20 EMA). Next support to the downside can be found at 140.46 (Weekly Low), 140.42 (Daily Low), 140.40 (Monthly Low), 140.16 (Weekly Classic S1) and 140.16 (Daily Classic S2).