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| Technical Outlook for Eur-Jpy 30-7-2015 |
Eur/Jpy pair moved Yesterday in the average price movement of 94 Pips; it recorded the highest level at 136.90 and the lowest at 135.96 and closed at 136.04 to lose 57 pips during Yesterday’s trading.
The pair opened today at 136.05 oscillatory between the 135.95 and the 136.25 levels during the Asian session in a trading average of 30 pips for the limitation of the market liquidity, and in the European session the pair went up to 136.47.
The pair is moving in a series of up impulse waves inside the triangle.
It is expected that the pair Eur-Jpy will reach the targeted level at 137.05 in the next few hours, and go down again.
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: 135.70 and 135.36 and 134.76
Resistance levels: 136.64 and 137.24 and 137.58
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