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2 Aug 2013
EUR/JPY moving horizontally
FXstreet.com (Chicago) - EUR/JPY was trendless after fleeting bounces on US job market data.
Price action indicated that the pair consolidated between supports at 131.15 (June 10 highs), 131.29 (May 31 highs), 131.36 (July 17 highs) and resistances at 131.46, (July 25 lows) 131.51 (May 24 highs), 131.61 (May 16 lows).
Trading at 131.42, the ICN technical analysis team reported pair as slightly bullish as it seemed to maintain a “steady position above the bullish channel’s support”. The FXstreet.com technical studies indicated CCI pointed down on one-hour timeframe analysis with price above EMAs 50 and SMA 200.
Price action indicated that the pair consolidated between supports at 131.15 (June 10 highs), 131.29 (May 31 highs), 131.36 (July 17 highs) and resistances at 131.46, (July 25 lows) 131.51 (May 24 highs), 131.61 (May 16 lows).
Trading at 131.42, the ICN technical analysis team reported pair as slightly bullish as it seemed to maintain a “steady position above the bullish channel’s support”. The FXstreet.com technical studies indicated CCI pointed down on one-hour timeframe analysis with price above EMAs 50 and SMA 200.