FxWirePro's Hourly EUR Spot Index: 119.212 (Bullish)
FxWirePro's Hourly JPY Spot Index: -119.66 (Bearish)
Currency Strength Index Bias for EUR/JPY: Bullish
Technical Studies: Support upside
- Stochs biased higher, RSI above 50 and biased higher.
- MACD is on the verge of bullish crossover.
- On 4H charts, ADX has risen above 25 levels, we see +ve DMI dominance.
Support levels - 133, 132.84 (20-DMA), 132.30 (trendline)
Resistance levels - 134, 134.28 (61.8% Fib of 149.78 to 109.20 fall), 134.40 (Sept 22 high)
Recommendation: Good to go long on dips around 133.25, SL: 132.65, TP: 134/ 134.25/ 134.40
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