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6 May 2015
SEB: Expect one more push higher in EUR/JPY – eFXnews
FXStreet (Barcelona) - The eFXnews Team notes, SEB sees potential for upside gains in EUR/JPY before sellers come in control.
Key Quotes
“Tests resistance at 135.30-136.70. Euro buyers responded here as they did elsewhere too yesterday. This up keeps short-term bullish momentum for attest of recent 135.30 136.70 peaks, which currently also describe the low & high end of the still negatively sloped 233day exponentially weighted moving average band and the latter also a short-term overstretch.”
“So expect one more high before more pronounced selling hits the market. Support is however likely strong at 132.30/130.75.”
This content has been provided under specific arrangement with eFXnews
Key Quotes
“Tests resistance at 135.30-136.70. Euro buyers responded here as they did elsewhere too yesterday. This up keeps short-term bullish momentum for attest of recent 135.30 136.70 peaks, which currently also describe the low & high end of the still negatively sloped 233day exponentially weighted moving average band and the latter also a short-term overstretch.”
“So expect one more high before more pronounced selling hits the market. Support is however likely strong at 132.30/130.75.”
This content has been provided under specific arrangement with eFXnews