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19 Mar 2014
EUR/JPY is as quiet as a mouse in Asia
FXStreet (Moscow) - EUR/JPY is consolidating with light downside bias in Asia as the cross opened at 141.26 and moved to current levels of 141.13.
EUR/JPY doesn’t care about fundamentals
EUR/JPY reversed nearly all gains made on Monday as the JPY grew across the board during jittery trading day. Fundamental factors are mostly ignored nowadays, but we still have some interesting reports from the EZ later today. Construction output in the single currency unit is expected to grow 1.8% m/m in January against 0.9% in December. Positive data may prove the the Eurozone economy is recovering slowly. Follow closely the geopolitical developments as they play an important role in shaping JPY dynamics these days. From the technical point of view the key short-term support comes at 141.00. The upside is likely to be limited by 141.65.
What are today’s key EUR/JPY levels?
Today's central pivot point can be found at 141.35, with support below at 140.72, 140.11 and 139.48, with resistance above at 141.97, 142.60, and 143.21. Hourly Moving Averages are bearish, with the 200SMA at 142.28 and the daily 20EMA at 141.27. Hourly RSI is neutral at 46.
EUR/JPY doesn’t care about fundamentals
EUR/JPY reversed nearly all gains made on Monday as the JPY grew across the board during jittery trading day. Fundamental factors are mostly ignored nowadays, but we still have some interesting reports from the EZ later today. Construction output in the single currency unit is expected to grow 1.8% m/m in January against 0.9% in December. Positive data may prove the the Eurozone economy is recovering slowly. Follow closely the geopolitical developments as they play an important role in shaping JPY dynamics these days. From the technical point of view the key short-term support comes at 141.00. The upside is likely to be limited by 141.65.
What are today’s key EUR/JPY levels?
Today's central pivot point can be found at 141.35, with support below at 140.72, 140.11 and 139.48, with resistance above at 141.97, 142.60, and 143.21. Hourly Moving Averages are bearish, with the 200SMA at 142.28 and the daily 20EMA at 141.27. Hourly RSI is neutral at 46.