EUR/JPY steady into Asia she goes

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FXStreet (Guatemala) - EUR/JPY is trading at 136.68, up 0.04% on the day, having posted a daily high at 136.75 and low at 136.62.

Despite the recent activity across the NZD in Asia, EUR/JPY has remained relatively unchanged and Valeria Bednarik, chief analyst at FXStreet, explained that the EUR/JPY was again weighted by EUR weakness, albeit the slide remained limited by stocks positive tone along the day. “The hourly chart shows moving averages maintain a strong bearish bias above current price, while indicators lay flat above their midlines, indicating little buying interest around.

EUR/JPY 4 hour chart indicates 137.50 trgt

“In the 4 hours chart however, indicators aim higher still in negative territory, with RSI bouncing from oversold levels, pointing for some advance ahead: in that case 137.00 price zone stands as immediate resistance and only above it the pair may extend it advance, eyeing 137.50 in the short term”.
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