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| Technical Analysis for EUR/JPY 29-6-2015 |
Eur/Jpy pair moved last Friday in the average price movement of 87 PIPs, it recorded the highest level at 138.67 and the lowest at 137.80 and closed at 138.33 to Lose 18 PIPs during Friday’s trading according to Concern about the Greek case.
The pair opened today at 134.80 to make a gap with 355 pips and now the pair went up to trade around 136.86.
The pair is moving in a series of down correction waves after breaking the price channel.
So it is expected that the pair eur/jpy will reach the targeted level at 137.70 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: 137.86 and 137.39 and 136.99
Resistance levels: 138.73 and 139.13 and 139.60
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