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| Technical Analysis for EUR/JPY 6-7-2015 |
Eur/Jpy pair moved Last Friday in the average price movement of 92 PIPs, it recorded the highest level at 136.84 and the lowest at 135.91 and closed at 136.29 to Lose 15 PIPs during Friday’s trading according to Concern about the Greek case.
The pair opened today at 134.02 to make a Gap with 226 pips After Greeks rejected the terms of the creditors through a yesterday’s referendum.
The pair is moving in a series of down correction waves after breaking the price channel.
We saw the pair achieved our target at 135.50
So it is expected that the pair eur/jpy will reach the targeted level at 134.20 in the next few hours.
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: 135.85 and 135.41 and 134.92
Resistance levels: 136.78 and 137.27 and 137.71
For More Technical Outlook FxStations
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