EUR/JPY declines from 142 test

FXStreet (London) - With EUR supposedly benefiting from aggressive Russian Bank buying, EUR/JPY rose through the European session to test the 142 mark, before finding some resistance and declining.

EUR/JPY Technicals

Having made a daily high at 142.06 and low at 140.99, EUR/JPY spot is up 0.36% on the day and presently trading at 141.87. Currently RSI is at 43.49, down from the last hourly print at 44.96, with ADX at 25.33, up from its previous close at 18.02. Looking to a daily chart, we see that RSI is neutral at 49.84. Hourly 2-Standard Deviation Volatility Bandwidth is currently 56 pips, and has been shrinking, while the ATR (14) is currently 13 pips. On a daily chart, 2-Standard Deviation Volatility Bandwidth is shrinking at 265 pips

EUR/JPY Levels

Resistance can be found ahead of spot at 141.87 [Last Price], 141.92 (Weekly Classic R1), 142.06 (Daily High), 142.13 (Daily Classic R2), 142.47 (Weekly Classic R2) and 142.49 (Daily Classic R3). Support below can be found at 141.78 (Yesterday's High), 141.75 (Daily Classic R1), 141.68 (Weekly High), 141.53 (Hourly 100 SMA) and 141.48 (Weekly Classic PP).