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27 Mar 2015
EUR/JPY: Maintains better offered status - FXStreet
FXStreet (Guatemala) - EUR/JPY as continues better offered in Asia. Valeria Bednarik, chief analyst at FXStreet explained that the Japanese yen strengthened against most of its rivals, supported by safe-haven demand and falling stocks.
Key Quotes:
"The EUR/JPY pair fell down to 129.52, and the 1 hour chart shows that the price broke below its 100 and 200 SMA, with the latest offering an immediate short term resistance at 129.70, whilst the technical indicators remain well into negative territory and with the RSI still heading lower, despite being at 26"
"In the 4 hours chart the price is back below a bearish 100 SMA whilst the technical indicators head south below their mid-lines, supporting some further declines for this Friday."
Key Quotes:
"The EUR/JPY pair fell down to 129.52, and the 1 hour chart shows that the price broke below its 100 and 200 SMA, with the latest offering an immediate short term resistance at 129.70, whilst the technical indicators remain well into negative territory and with the RSI still heading lower, despite being at 26"
"In the 4 hours chart the price is back below a bearish 100 SMA whilst the technical indicators head south below their mid-lines, supporting some further declines for this Friday."