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| Technical Analysis for EUR/JPY 9-7-2015 |
Eur/Jpy pair moved yesterday in the average price movement of 167 Pips, it recorded the highest level at 134.97 and the lowest at 133.29 and closed at 133.55 to Lose 114 Pips during yesterday’s trading according to economic data.
The pair opened today at 133.55 and went up to 135.06 and then fall down to 133.77.
The pair is moving in a series of down correction waves in a parallel rice channel.
It is expected that the pair eur-jpy will reach the targeted level at 132.90 in the next few hours.
The Relative Strength Indicator "RSI" reveals that the distribution operations at the market and the control of Bears on the market.
Medium term trend: Down
Support levels: 132.90 and 132.25 and 131.22
Resistance levels: 134.58 and 135.61 and 136.26
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