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      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

      Looking to fade near-term AUD gains - TDS

      The FX Team at TDS still favour looking to fade near-term AUD gains, with a retest of the May lows at 0.9205 while below 0.9330.
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      The week ahead will get busier with key events – Rabobank

      Analysts at Rabobank explained that it’s a quiet start to the week with the highlight being the Fed’s Fischer (Stanley not Richard) talking on the US economy in Stockholm (i.e., the US economic outlook while Fischer is in Stockholm, not the vibrancy of the local chamber of commerce).
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