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30 Dec 2014
EUR/JPY contained in a neutral stance - FXStreet
FXStreet (Guatemala) - Valeria Bednarik, chief analyst at FXStreet noted the movements and conditions in the EUR/JPY.
Key Quotes:
“The EUR/JPY cross advanced intraday up to 147.21, but turned back lower following IMF’s news, trading a few pips above its daily opening”.
“The EUR/JPY has been contained between 146.30 and 147.30 since Dec 22nd, maintaining a quite neutral technical stance”.
“In the 1 hour chart, price hovers around its 100 SMA with 200 SMA containing the downside around 146.45”.
“Indicators in the same time frame remain around their midlines with a slightly bearish tone, supporting some short term declines”.
“In the 4 hours chart indicator hold in neutral territory whilst moving average stand now within a 50 pips range around current levels, a clear reflection of current lack of definitions around the cross”.
Key Quotes:
“The EUR/JPY cross advanced intraday up to 147.21, but turned back lower following IMF’s news, trading a few pips above its daily opening”.
“The EUR/JPY has been contained between 146.30 and 147.30 since Dec 22nd, maintaining a quite neutral technical stance”.
“In the 1 hour chart, price hovers around its 100 SMA with 200 SMA containing the downside around 146.45”.
“Indicators in the same time frame remain around their midlines with a slightly bearish tone, supporting some short term declines”.
“In the 4 hours chart indicator hold in neutral territory whilst moving average stand now within a 50 pips range around current levels, a clear reflection of current lack of definitions around the cross”.