Back
30 Sep 2014
EUR/JPY struggles at 100 SMA
FXStreet (Guatemala) - EUR/JPY is trading at 138.86, down -0.03% on the day, having posted a daily high at 139.01 and low at 138.86.
EUR/JPY is struggling around the 139 handle and 100 SMA with market weighing on the yen still following suit of action overnight in the US despite stock sliding and overall bearishness around the forthcoming ECB meeting and euro. Valeria Bednarik, chief analyst at FXStreet noted and explained, “In the 4 hours chart indicators stand steady below their midlines giving not much clues on upcoming direction. The 38.2% retracement of the same rally is the level to watch as a break above 139.15 should favor a steadier recovery up to 140.00 price zone”.
EUR/JPY levels
Support levels: 138.40 137.90 137.35
Resistance levels: 139.15 139.60 140.00
EUR/JPY is struggling around the 139 handle and 100 SMA with market weighing on the yen still following suit of action overnight in the US despite stock sliding and overall bearishness around the forthcoming ECB meeting and euro. Valeria Bednarik, chief analyst at FXStreet noted and explained, “In the 4 hours chart indicators stand steady below their midlines giving not much clues on upcoming direction. The 38.2% retracement of the same rally is the level to watch as a break above 139.15 should favor a steadier recovery up to 140.00 price zone”.
EUR/JPY levels
Support levels: 138.40 137.90 137.35
Resistance levels: 139.15 139.60 140.00