Back
11 Aug 2014
EUR/JPY running out of bounce ahead of 137
FXStreet (Guatemala) - EUR/JPY has eyes for the 137 handle here, with a run up from the top of 135 but may remain capped by the top of its 3-month channel at 138.14 as on previous attempts.
Valeria Bednarik, chief analyst at FXStreet explained the hourly chart shows indicators looking slightly exhausted in overbought levels on the back of the gap up, as price struggles around a still bearish 100 SMA. “In the 4 hours chart however, indicators maintain a strong upward tone, with 100 SMA around the critical figure”.
EUR/JPY Support / Resistance
Support levels: 136.60 136.20 135.80
Resistance levels: 137.10 137.50 137.90
Valeria Bednarik, chief analyst at FXStreet explained the hourly chart shows indicators looking slightly exhausted in overbought levels on the back of the gap up, as price struggles around a still bearish 100 SMA. “In the 4 hours chart however, indicators maintain a strong upward tone, with 100 SMA around the critical figure”.
EUR/JPY Support / Resistance
Support levels: 136.60 136.20 135.80
Resistance levels: 137.10 137.50 137.90