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| Technical Outlook For Eur-Jpy 13-8-2015 |
Eur-Jpy pair moved yesterday in the average price movement of 85 Pips; it recorded the highest level at 138.85 and the lowest at 138.00 and closed at 138.59 to Lose 49 pips during yesterday’s trading.
The pair opened today at 138.55 oscillatory between the 138.48 and the 138.80 during the Asian session in a trading average of 32 pips for the limitation of the market liquidity.
The pair is moving in a series of up impulse waves inside the triangle.
We saw the pair achieved our target at 137.20
It is expected that the pair eur/jpy will reach the targeted level at 139.20 in the next few hours.
The Relative Strength Indicator "RSI" reveals that the accumulation operations at the market and the control of Bulls on the market.
Medium term trend: up
Support levels: 138.11 and 137.63 and 137.26
Resistance levels: 138.96 and 139.33 and 139.81
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