Back
3 Apr 2015
EUR/JPY maintains bullish tone ahead of US Non-Farm Payrolls
FXStreet (Bali) - According to Valeria Bednarik, Chief Analyst at FXStreet, notes that EUR/JPY maintains a bullish tone ahead of the US Non-Farm Payrolls.
Key Quotes
"The EUR/JPY cross surged to a six-day high of 140.49, as positive US data weighed on the JPY whilst the EUR was buoyed all through the day."
"In the short term, the pair maintains its bullish tone, as the 1 hour chart shows that the technical indicators maintain limited bullish slopes, despite being in extreme overbought territory, whilst the price advanced above its 100 and 200 SMAs, with the largest now acting as the immediate support around 130.00."
"In the 4 hours chart the Momentum indicator heads sharply higher above 100 while the RSI begins to lose upward potential around 65, far from suggesting a downward short term move."
Key Quotes
"The EUR/JPY cross surged to a six-day high of 140.49, as positive US data weighed on the JPY whilst the EUR was buoyed all through the day."
"In the short term, the pair maintains its bullish tone, as the 1 hour chart shows that the technical indicators maintain limited bullish slopes, despite being in extreme overbought territory, whilst the price advanced above its 100 and 200 SMAs, with the largest now acting as the immediate support around 130.00."
"In the 4 hours chart the Momentum indicator heads sharply higher above 100 while the RSI begins to lose upward potential around 65, far from suggesting a downward short term move."