Technical Outlook for EUR-JPY 21-7-2015

Technical Outlook for EUR-JPY 21-7-2015

Eur/Jpy pair moved Yesterday in the average price movement of 70 Pips; it recorded the highest level at 135.04 and the lowest at 134.34 and closed at 134.51 to Gain Just sex Pips during yesterday’s trading.

The pair opened today at 134.51 oscillatory between the 134.50 and the 134.77 levels during the Asian session in a trading average of 27 pips for the limitation of the market liquidity.

The pair is moving in a series of down correction waves after breaking the parallel price channel.

It is expected that the pair Eur-Jpy will reach the targeted level at 134.10 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: 134.22 and 133.93 and 133.52

Resistance levels: 134.92 and 135.33 and 135.62

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