OctaFX | OctaFX Forex Broker
Open trading account
Back

EUR/JPY: Intraday indicators turn positive - FXStreet

FXStreet (Bali) - Valeria Bednarik, Chief Analyst at FXStreet, notes that intraday indicators are supporting the shorter term bullish view in EUR/JPY.

Key Quotes

"The EUR/JPY tests 137.90 resistance on the back of a dovish FED, as stocks recovery keeps yen under mild pressure."

"The EUR/JPY pressures the 61.8% retracement of its latest bearish run, with 200 SMA a few pips below current price in the hourly chart and indicators maintaining a strong upward tone."

"In the 4 hours chart, indicators gain upward momentum advancing above their midlines, supporting the shorter term view: immediate resistance comes at 138.50, 50% retracement of the same rally."

NZD/USD approaching sellers' stronghold 0.7920/60

The Kiwi ripped higher against the US Dollar in response to a disappointing FOMC minutes, the former being the top performing currency, while the latter was one of the weakest, behind the Yen.
Read more Previous

AUD/USD better bid ahead Australian showdown

AUD/USD is trading at 0.8839, up 0.01% on the day, having posted a daily high at 0.8843 and low at 0.8833.
Read more Next
Start livechat