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| Technical Outlook For Eur-Jpy 3-8-2015 |
Eur/Jpy pair moved Yesterday in the average price movement of 176 Pips; it recorded the highest level at 137.33 and the lowest at 135.56 and closed at 136.09 to Gain 40 pips during Friday’s trading.
The pair opened today at 135.90 oscillatory between the 135.75 and the 136.25 levels during the Asian session in a trading average of 50 pips for the limitation of the market liquidity, and in the European session the pair went up to 136.44.
The pair is moving in a series of up impulse waves inside the triangle.
We saw the pair achieved our target at 137.05
It is expected that the pair eur/jpy will reach the targeted level at 137.20 in the next few hours.
The Relative Strength Indicator "RSI" reveals that the accumulation operations at the market and the control of Bulls on the market.
Medium term trend: up
Support levels: 135.32 and 134.55 and 133.55
Resistance levels: 137.09 and 138.09 and 138.86
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