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| Technical Outlook for EURJPY 22-7-2015 |
Eur/Jpy pair moved Yesterday in the average price movement of 125 Pips; it recorded the highest level at 135.75 and the lowest at 134.50 and closed at 135.49 to Gain 97 Pips during yesterday’s trading.
The pair opened today at 135.49 oscillatory between the 135.10 and the 135.57 levels during the Asian session in a trading average of 47 pips for the limitation of the market liquidity.
The pair is moving in a series of down correction waves after breaking the parallel price channel.It is expected that the pair Eur-Jpy will reach the targeted level at 135.00 in the next few hours, and go up again.
The Relative Strength Indicator "RSI" reveals that the distribution operations at the market and the control of Bears on the market.
Medium term trend: Down
Support levels: 134.74 and 133.99 and 133.49
Resistance levels: 135.99 and 136.49 and 137.24
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