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15 May 2015
EUR/JPY: Skyrocketed to three-month highs - FXStreet
FXStreet (Guatemala) - Valeria Bednarik, chief analyst at FXStreet explained that EUR/JPY has skyrocketed to a fresh 3-month high of 136.41.
Key Quotes:
"Once again backed by EUR demand."
"Same take profit in EUR pair has sent the pair down to 135.30 during the American afternoon, albeit the pair is slowly resuming its advance ahead of the upcoming Asian session."
"The 1 hour chart shows that the price stands well above its 100 and 200 SMAs, both converging in the 134.60 price zone, whilst the technical indicator are bouncing from their mid-lines, supporting a short term recovery."
"In the 4 hours chart, the Momentum indicator has retreated from its high, but remains in positive territory, whilst the RSI has turned slightly higher around 60, supporting the shorter term view, should the price recover the 136.00 level."
Key Quotes:
"Once again backed by EUR demand."
"Same take profit in EUR pair has sent the pair down to 135.30 during the American afternoon, albeit the pair is slowly resuming its advance ahead of the upcoming Asian session."
"The 1 hour chart shows that the price stands well above its 100 and 200 SMAs, both converging in the 134.60 price zone, whilst the technical indicator are bouncing from their mid-lines, supporting a short term recovery."
"In the 4 hours chart, the Momentum indicator has retreated from its high, but remains in positive territory, whilst the RSI has turned slightly higher around 60, supporting the shorter term view, should the price recover the 136.00 level."