empty
 
 
06.08.2015 06:09 AM
Technical analysis of EUR/JPY for August 06, 2015

Ahead of today's BOJ monetary policy statement and tomorrow's BOJ press conference, the JPY is trading higher during today's Asian session.

At yesterday's session, the cross managed to regain the lost daily moving averages 20 Dsma, 100Dema and 200Dema.

The cross closed above most of the daily moving averages, except for 50Dsma and 20Dsma that seems to be at 137.10. The 20Wsma is found at 134.50. The cross has been making head and shoulder formation, neck line is at 133.09.

Intraday support is found at 135.80 and 135.60. Resistance seems to be at 136.45, 136.80, and 137.10.

Weekly key support level is at 134.50

Intraday selling likely below 135.70 aims at 135.50, 135.30, and 135.10. Selling accelerates below 135.50.

This image is no longer relevant

InstaForex Analyst,
Analytical expert of InstaForex
© 2007-2024
Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $9000 more!
    In May we raffle $9000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

Recommended Stories

Can't speak right now?
Ask your question in the chat.
Widget callback