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1 Jul 2014
EUR/JPY needs a break of 139.00 - FXStreet
FXStreet (Bali) - EUR/JPY needs a break above 139.00 to confirm further intraday gains, notes Valeria Bednarik, Chief Analyst at FXStreet.
Key Quotes
"The EUR/JPY is being benefited by US surging stocks, flirting again with record highs: stocks got a boost from another positive report of US housing, as pending home sales rose for the most in four years"
"The EUR/JPY approaches again the 139.00 price zone, with the hourly chart showing price above its moving averages and indicators loosing upward potential near overbought levels."
"In the 4 hours chart indicators head higher across their midlines, yet again, a break above 139.00 is required to confirm further intraday gains."
Key Quotes
"The EUR/JPY is being benefited by US surging stocks, flirting again with record highs: stocks got a boost from another positive report of US housing, as pending home sales rose for the most in four years"
"The EUR/JPY approaches again the 139.00 price zone, with the hourly chart showing price above its moving averages and indicators loosing upward potential near overbought levels."
"In the 4 hours chart indicators head higher across their midlines, yet again, a break above 139.00 is required to confirm further intraday gains."