Back
22 Apr 2014
EUR/JPY supported post morning dip
FXStreet (London) - Currently, EUR/JPY is trading at 141.37, down -0.10% on the day, having posted a daily high at 141.71 and low at 141.21 after a morning push lower to test the hourly 200 SMA.
Following the extended Easter holidays, the calendar came back to life today, starting with Japanese Leading Economic Index, which declined from previous at 113.5 to 108.9. This morning sees Eurozone Construction Output at 9 GMT, alongside a raft of other low profile datas.
EUR/JPY Technicals
Looking to a daily chart, we see that RSI is neutral at 51.76. Spot is presently sat just above the daily 200 SMA at 141.35 which is climbing higher. Further, moving in an upward trend, the exponential average closing price is 141.35. Viewing a daily EUR/JPY chart, 2-Standard Deviation Volatility Bandwidth is expanding at 292 pips. Meanwhile, 9:00-10:00 GMT represents peak for volatility, with an average movement of 23 pips over the same period.
EUR/JPY Key Levels
Spot is presently trading at 141.40, and next resistance can be seen at 141.47 (Hourly 100 SMA), 141.52 (Weekly High), 141.53 (Daily Open), 141.57 (Hourly 20 EMA) and 141.59 (Daily Classic PP). Below, we can see support at 141.40 (Yesterday's Low), 141.35 (Daily 20 SMA), 141.33 (Daily Classic S1), 141.22 (Daily 100 SMA) and 141.21 (Daily Low).
Following the extended Easter holidays, the calendar came back to life today, starting with Japanese Leading Economic Index, which declined from previous at 113.5 to 108.9. This morning sees Eurozone Construction Output at 9 GMT, alongside a raft of other low profile datas.
EUR/JPY Technicals
Looking to a daily chart, we see that RSI is neutral at 51.76. Spot is presently sat just above the daily 200 SMA at 141.35 which is climbing higher. Further, moving in an upward trend, the exponential average closing price is 141.35. Viewing a daily EUR/JPY chart, 2-Standard Deviation Volatility Bandwidth is expanding at 292 pips. Meanwhile, 9:00-10:00 GMT represents peak for volatility, with an average movement of 23 pips over the same period.
EUR/JPY Key Levels
Spot is presently trading at 141.40, and next resistance can be seen at 141.47 (Hourly 100 SMA), 141.52 (Weekly High), 141.53 (Daily Open), 141.57 (Hourly 20 EMA) and 141.59 (Daily Classic PP). Below, we can see support at 141.40 (Yesterday's Low), 141.35 (Daily 20 SMA), 141.33 (Daily Classic S1), 141.22 (Daily 100 SMA) and 141.21 (Daily Low).