Tuesday, September 22, 2015

EUR/JPY: bearish below 200 DMA at 135.49

FXStreet (Guatemala) - EUR/JPY is currently 134.84 with a high of 136.14 and a low of 134.83.

EUR/JPY has continued to the downside and trades below the 200 SMA on the hourly chart located at 135.95 today. The dollar is the catalyst in the moves between the crosses at the start of this week, with the USD-index up 0.6% and with EUR/USD below the 200 DMA at 1.1216, EUR/JPY is pressured despite a positive result in the Greek elections over the weekend with Tsipras winning.

EUR/JPY downside levels

The cross has turned bearish with MACD on the hourly in the red and the 200 DMA at 135.49 broken. 134.80 support guards 133.10, 132.80 and 131.80 further out.
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