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EUR/JPY: faster SMA now above 200-hour

By : Mex Group

EUR/JPY: faster SMA now above 200-hour

15 September 2016, 03:01

As the EUR/JPY hourly chart illustrates, a cross in the 50-period SMA above the 200-period has been spotted.

In the current scenario, the recently printed low prices are at relatively narrow distance to the SMA juncture which is expected to withstand a collision. Buyers might take advantage of any marginal decline to place their orders.

The risk scenario is a sustained close beyond the 200-SMA.

EUR/JPY 0001-01-01T00:00:00
0/0 (0%)
H0 L0

S3S2S1R1R2R3
114.96832784016 115.02166239420 115.12833150227 115.28833516438 115.34166971842 115.44833882649

Trend IndexOB/OS Index
Bearish Neutral