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11 Sep 2013
EUR/JPY swings around critical 133.00 zone
FXstreet.com (Chicago) - EUR/JPY almost gave in the 133.00 front after heavy selling at the opening of the Japanese trading session. The yen traded weak throughout the previous journey as the Syrian conflict may come to an end soon.
Syria on TO soccer game (US vs. Mexico)
President Obama will speak during the US soccer game timeout at 1GMT in regards to the conflict with Syria. It was informed the US Secretary of State John Kerry will meet with President Vladimir Putin later this week to discuss Russia’s proposal to solve the conflict without the use of violence but rather with the intervention of international entities such as the UN.
EUR/JPY Technical Levels
Price action reveals the bulls are not willing to give up the 133.00 front despite short-lived retracement. The bullish momentum was capped at 133.26 but remains strong as the upward trendline is still intact and long and medium-term trendlines point up. Offered at 133.03, the pair oscillates between supports at 132.75 (July 24th highs), 132.41 (August 23rd highs) ahead of 132.20 (September 9th highs) and resistances at 133.30 (session highs), 133.90 (May 2013 highs) followed by 134.65 (December 27th 2009). According to the FXstreet.com trend index, the pair is slightly bearish on one-hour timeframe analysis and remains above the EMA20.
Syria on TO soccer game (US vs. Mexico)
President Obama will speak during the US soccer game timeout at 1GMT in regards to the conflict with Syria. It was informed the US Secretary of State John Kerry will meet with President Vladimir Putin later this week to discuss Russia’s proposal to solve the conflict without the use of violence but rather with the intervention of international entities such as the UN.
EUR/JPY Technical Levels
Price action reveals the bulls are not willing to give up the 133.00 front despite short-lived retracement. The bullish momentum was capped at 133.26 but remains strong as the upward trendline is still intact and long and medium-term trendlines point up. Offered at 133.03, the pair oscillates between supports at 132.75 (July 24th highs), 132.41 (August 23rd highs) ahead of 132.20 (September 9th highs) and resistances at 133.30 (session highs), 133.90 (May 2013 highs) followed by 134.65 (December 27th 2009). According to the FXstreet.com trend index, the pair is slightly bearish on one-hour timeframe analysis and remains above the EMA20.