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23 Sep 2014
EUR/JPY trades with bearish bias
FXStreet (Guatemala) - EUR/JPY is trading at 139.74, down -0.07% on the day, having posted a daily high at 139.92 and low at 139.69.
EUR/JPY remains sub of the 140 handle having lost territory overnight and has marked fresh lows on from Friday’s business. The pair comes with a bearish bias as a result. In the 4 hours chart indicators present a strong bearish slope and approach their midlines, not yet signalling a bearish continuation according to Valeria Bednarik, chief analyst at FXStreet. “The bearish move can extend down to 139.20, without really affecting the overall positive trend, yet a break below should signal a deeper movement, at least in the short term. Further gains are now expected only on a recovery above 140.40 a bit too far away for this Tuesday”.
EUR/JPY support and resistance levels
Support levels: 139.50 139.20 138.60
Resistance levels: 140.00 140.40 140.80
EUR/JPY remains sub of the 140 handle having lost territory overnight and has marked fresh lows on from Friday’s business. The pair comes with a bearish bias as a result. In the 4 hours chart indicators present a strong bearish slope and approach their midlines, not yet signalling a bearish continuation according to Valeria Bednarik, chief analyst at FXStreet. “The bearish move can extend down to 139.20, without really affecting the overall positive trend, yet a break below should signal a deeper movement, at least in the short term. Further gains are now expected only on a recovery above 140.40 a bit too far away for this Tuesday”.
EUR/JPY support and resistance levels
Support levels: 139.50 139.20 138.60
Resistance levels: 140.00 140.40 140.80