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11 Jun 2014
EUR/JPY breaks below 138.50
FXStreet (Bali) - EUR/JPY continues to press lower, down -0.18% on the day at 138.40, having previously posted a daily high at 138.69 and a low at 138.38.
How strong has the move been?
According to hourly FXStreet proprietary tools the OB/OS Index and Trend Index, the pair is neutral and slightly bearish respectively. At the time of writing, RSI is neutral at 32.12, up from 25.82 at the last hour close, while ADX is trending at 53.64, up from 35.03 previous. RSI is neutral at 37.18, according to the daily chart. The 200 SMA is currently at 139.16, down from 139.25 at the last period close, and declining on the hourly EUR/JPY chart. Over the past 20 days, the exponential average closing price is 139.47, and trending lower.
What price levels and patterns have to be considered?
Current price is 138.43, with resistance ahead at 138.45 (Yesterday's Low), 138.66 (Daily Open), 138.67 (Daily 200 SMA), 138.69 (Daily High)and 138.72 (Hourly 20 EMA). Below, we can see support at 138.42 (Monthly Low), 138.38 (Daily Low), 138.25 (Daily Classic S1), 138.15 (Weekly Classic S2) and 137.85 (Daily Classic S2).
How strong has the move been?
According to hourly FXStreet proprietary tools the OB/OS Index and Trend Index, the pair is neutral and slightly bearish respectively. At the time of writing, RSI is neutral at 32.12, up from 25.82 at the last hour close, while ADX is trending at 53.64, up from 35.03 previous. RSI is neutral at 37.18, according to the daily chart. The 200 SMA is currently at 139.16, down from 139.25 at the last period close, and declining on the hourly EUR/JPY chart. Over the past 20 days, the exponential average closing price is 139.47, and trending lower.
What price levels and patterns have to be considered?
Current price is 138.43, with resistance ahead at 138.45 (Yesterday's Low), 138.66 (Daily Open), 138.67 (Daily 200 SMA), 138.69 (Daily High)and 138.72 (Hourly 20 EMA). Below, we can see support at 138.42 (Monthly Low), 138.38 (Daily Low), 138.25 (Daily Classic S1), 138.15 (Weekly Classic S2) and 137.85 (Daily Classic S2).