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17 Apr 2014
EUR/JPY is pressured down; 141.00 under attack
FXStreet (Moscow) - EUR/JPY dropped to 141.17 after opening at 141.34; attempts to drop below 141.00 failed so far
EUR/JPY is not ready to grow yet
EUR/JPY settled above 141.00 level on Wednesday as EUR bears was too indecisive and failed to spook the sellers of Japanese Yen. Slightly lower core inflation in Eurozone in March was not sufficient to trigger the adjustments of the ECB monetary policy expectations. Today we wait for EZ current account data and 3-year LTRO repayments announced by the ECB. The later might become a market mover if the repaid amounts differ substantially from the expectations. From the technical point of view, keep an eye on 141.00 on the downside. It is curtail for bulls that the cross closes above this level on a daily basis. The upside is likely to be limited by 141.50/70 area
What are today’s key EUR/JPY levels?
Today's central pivot point can be found at 141.22, with support below at 140.66, 140.08 and 139.52, with resistance above at 141.80, 142.36, and 141.94. Hourly Moving Averages are mixed with the 200SMA at 141.04 and the daily 20EMA is bearish at 141.31. Hourly RSI is bearish at 44.
EUR/JPY is not ready to grow yet
EUR/JPY settled above 141.00 level on Wednesday as EUR bears was too indecisive and failed to spook the sellers of Japanese Yen. Slightly lower core inflation in Eurozone in March was not sufficient to trigger the adjustments of the ECB monetary policy expectations. Today we wait for EZ current account data and 3-year LTRO repayments announced by the ECB. The later might become a market mover if the repaid amounts differ substantially from the expectations. From the technical point of view, keep an eye on 141.00 on the downside. It is curtail for bulls that the cross closes above this level on a daily basis. The upside is likely to be limited by 141.50/70 area
What are today’s key EUR/JPY levels?
Today's central pivot point can be found at 141.22, with support below at 140.66, 140.08 and 139.52, with resistance above at 141.80, 142.36, and 141.94. Hourly Moving Averages are mixed with the 200SMA at 141.04 and the daily 20EMA is bearish at 141.31. Hourly RSI is bearish at 44.