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19 Feb 2014
EUR/JPY has stuck at the opening level of 140.75
FXStreet (Moscow) - EUR/JPY started the day at 140.75 and slowly moved to Asian lows at 140.59 as the anti-risk sentiments drive the Yen slightly higher across the board; now the cross is again at the opening levels
It is all about risk today
EUR/JPY moved well above 140.00 on Tuesday and stalled at 141.00. This resistance level proved to be too tough to be taken out at first attempt. The cross is slowly drifting down after the Tokyo opening as the risk off sentiment drives the safe heaven Yen higher, Though the trading activity is rather muted as the markets are waiting for BOJ monthly report, which may influence the Yen dynamic across the board. There is nothing exiting in the European calendar today, so the cross movements will be influenced by risk sentiments and JPY-related factors. Keep an eye at the support level at 140.29 and 140.00. The strong resistance is still at 141.00.
What are today’s key EUR/JPY levels?
Today's central pivot point can be found at140.45, with support below at 139.86, 138.89 and 138.29, with resistance above at 141.42, 142.02, and 142.98. Hourly Moving Averages are bullish, with the 200SMA at 139.54 and the daily 20EMA at 139.78. Hourly RSI is neutral at 62.
It is all about risk today
EUR/JPY moved well above 140.00 on Tuesday and stalled at 141.00. This resistance level proved to be too tough to be taken out at first attempt. The cross is slowly drifting down after the Tokyo opening as the risk off sentiment drives the safe heaven Yen higher, Though the trading activity is rather muted as the markets are waiting for BOJ monthly report, which may influence the Yen dynamic across the board. There is nothing exiting in the European calendar today, so the cross movements will be influenced by risk sentiments and JPY-related factors. Keep an eye at the support level at 140.29 and 140.00. The strong resistance is still at 141.00.
What are today’s key EUR/JPY levels?
Today's central pivot point can be found at140.45, with support below at 139.86, 138.89 and 138.29, with resistance above at 141.42, 142.02, and 142.98. Hourly Moving Averages are bullish, with the 200SMA at 139.54 and the daily 20EMA at 139.78. Hourly RSI is neutral at 62.