Artık bundan sonra biz Elev8’iz

Biz yalnızca bir aracı kurumdan fazlasıyız. Analiz etmek, işlem yapmak ve büyümek için ihtiyacınız olan her şeyi tek bir yerde sunan, hepsi bir arada bir işlem ekosistemiyiz. İşlem deneyiminizi bir üst seviyeye taşımaya hazır mısınız?

EUR/JPY dips below 130.00 in Asia

  • EUR/JPY prints session low below 130.00, currently trades around 76.4 percent Fib retracement.
  • Eyes Eurozone industrial production and trade balance data release.

EUR/JPY hit a session low of 129.94 and was last seen flirting with 130.02 - 76.4 percent Fibonacci retracement of the rally from March 23 low to April 24 high.

The currency pair has shed close to 326 pips since April 26 as the EUR/USD dropped below 1.20 on widening interest rate differential. Meanwhile, the Yen has been relatively resilient, which explains the slide in the EUR/JPY.

At 33.00, the 14-day relative strength index shows room for the further drop, possibly towards 128.94 (March 24 low). Further losses are to be taken with a pinch of salt as the RSI would show oversold conditions then.

Further, the 4-hour RSI has already hit the oversold territory, thus a corrective rally could be seen, if the Eurozone industrial production (due at 06:00 GMT) betters estimate of 0.8 percent rise month-on-month.

EUR/JPY Technical Levels

A break below 129.89 (Friday's low) would open up downside towards 129.60 (March 19 low) and possibly to129.35 (March 5 low). On the higher side, resistance is lined up at 130.54 (descending 5-day MA), 131.34 (50-day MA), 131.41 (10-day MA).

 

 

Central Bank chatter: Fed and ECB divergence - ANZ

Analysts at ANZ noted the Central Bank charter from overnight. Key Quotes: "Atlanta Fed President Bostic (voter) said that hitting the 2% target was
Devamını oku Previous

NAFTA re-negotiations continue, fears of 'zombie deal' grow - Reuters

As reported by Reuters, fears are growing of a "zombie NAFTA deal" with the clock beginning to run out and all three NAFTA participants beginning to f
Devamını oku Next