EURJPY Survive Above 122.00

Monexnews-EURJPY was last seen at 122.53, off a low of his daily in numbers, and down as much as 122.02 1.62% for this week. Currency pairs are closing the gap down that began this week, but still not able to move up further, noting the high in Wednesday's weekly figures, the number of the same 124.52 with closing day last Friday. The new Governor of the BoJ, Kuroda will hold a press conference today in Tokyo, to deliver a statement in addressing the problem of deflation in Japan.

Support close to the movement down in low Thursday at 122.02, followed by low Tuesday at 121.80 and low weekly Monday at 107. To rise, resistance movement near the low in Asia-Pacific session Monday at 122.70, followed by the low March 8 at 123.80 and high/low Tuesday, March 14, at 124.10.

(AR)

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EURJPY Pressure Resistance Resistant 122.20

Monexnews-EURJPY continues to maintain the position of resistance at 122.20, test a few times – 1 and 5 last March--with EMA-20 in the movement of the price per 4 hours which acts as a media that is good enough to withstand the pressure down since March 5.

"The position of the Euro will retain a limited reinforcement," said Valeria Bednarik, an analyst from FXstreet.com, by adding that the hourly chart shows HIGH SCHOOL-100 and 200 high school near 112.50 to offer short-term support when prices rise movement failed to occur.

In the longer term, estimates of Valeria is still the same, arguing that with the important areas and be 121.10 122.60 penetrated gives the certainty of price movement.

In the scenario of above mentioned transpiration resistance, it will trigger a recovery despite the rising movement will find resistance at 122.55 122.90, and low previously, said analyst team of FX Market alerts.

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EURJPY Raised 125 Related weakening of the Yen

Monexnews-EURJPY at this time was at its height 216.61, down from a session at 1.25.48, up as much as 0.33% for this week so far related to the weakening Yen, while the Euro recorded a new session low numbers and index 1,333 u.s. dollar moving up to in height above 80.5. The Yen traded at a high of 2 days at 93.89 points, following a comment from Abe in Parliament and the permissive nature of the members of the G20 meetings in Moscow last week.

Valeria Bednarik an analyst from FXstreet.com, said that the hourly chart shows that prices moved up close to 200 high school area, offer resistance at current levels, while some indicators are moving up in the positive area. However graphics per 4 hour shows that the currency pair of the middle price, in the absence of sufficient force to move up, said Valeria, by adding that the currency pair is still showing bias while at the figure rises above the 1.24.80 in the near future, with transpiration area over which gave confirmation to 125.95 move towards area 126.60.

The range of support recorded in 230, and 124.30 123.75. While the range of resistance was recorded at 125.50 125.90 126.60, and.

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EURJPY Ready Face 127.70

Monexnews-after the move strengthened in 12 weeks, with the exception of the fall of the Yen at the beginning of December, Japan finally managed to tap into the positive area against the Euro last week, first fading in action buy to enter the weekly resistance at important areas 127.50/70 before experiencing a sharp sell-off action to break through 124.00 area and group.

Price drop from the high has produced a decrease due to the action of selling in his daily movements, exposing the existence of accelerated action to liquidate long-term buy sell action moments also appear, after the target's movement up the weekly to achieved. .
FXstreet.com contributor and founder of FXWW, Sean Lee, also showed bearish signals for the currency pair, who noted: "the retracement Mode EURJPY still has the opportunity to move to 121.00. Support here is near 122.30/50 while the range of resistance is supposed to survive near the high Friday at 125.50/60 ".

(AR)

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