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18 Apr 2014
EUR/JPY is paralyzed at 141.45
FXStreet (Moscow) - EUR/JPY took off from intraday lows of 141.36 only to fall asleep at 141.45
Boring range, dull trading
It is going to be a dull session for EUR/JPY unless anything extraordinary happens on this Good Friday. The cross managed to finish Thursday with minor gains despite EUR selling across the board during European and American hours. EUR/JPY has a good chance to finish this Holy week with gains, though on the longer-term scale it is stuck in the range limited by 141.80/90 on the upside and 140.00 on the downside. No sighs of break through yet. The cross has started Friday on a weaker note due to JPY buying against US Dollar. The current Asian low of 141.36 is likely to cap the downside into the end of the week, while the upside will be limited by 141.70.
What are today’s key EUR/JPY levels?
Today's central pivot point can be found at 141.36, with support below at 141.07, 140.69 and 140.40, with resistance above at 141.73, 142.02, and 142.40. Hourly Moving Averages are bullish with the 200SMA at 141.02 and the daily 20EMA is bearish at 141.32. Hourly RSI is bullish at 59.
Boring range, dull trading
It is going to be a dull session for EUR/JPY unless anything extraordinary happens on this Good Friday. The cross managed to finish Thursday with minor gains despite EUR selling across the board during European and American hours. EUR/JPY has a good chance to finish this Holy week with gains, though on the longer-term scale it is stuck in the range limited by 141.80/90 on the upside and 140.00 on the downside. No sighs of break through yet. The cross has started Friday on a weaker note due to JPY buying against US Dollar. The current Asian low of 141.36 is likely to cap the downside into the end of the week, while the upside will be limited by 141.70.
What are today’s key EUR/JPY levels?
Today's central pivot point can be found at 141.36, with support below at 141.07, 140.69 and 140.40, with resistance above at 141.73, 142.02, and 142.40. Hourly Moving Averages are bullish with the 200SMA at 141.02 and the daily 20EMA is bearish at 141.32. Hourly RSI is bullish at 59.