FXStreet (Guatemala) – Valeria Bednarik, chief analyst at FXStreet noted that EUR’s self weakens pushed the EUR/JPY cross slightly lower, with the pair losing some 50 pips intraday.

Key Quotes:


“Yen strength limited amid market’s positive mood. The technical picture in the short term is mild bearish, as the technical indicators have turned lower after failing below their mid-lines, whilst the 100 SMA maintains a strong bullish slope, providing intraday support should the fair extend its fall, in the 133.00 region.”


“In the 4 hours chart the Momentum indicator turned sharply lower and is about to cross its mid-line towards the downside, whilst the RSI indicator also heads lower around 59, also pointing for additional slides, particularly if the pair is unable to recover above the 134.00 region.”