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Alert - 17:30 (CET) - Yen advances 1.83% against the Euro
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The EurJpy is trading at 114.69 yens, under yesterday's closing price at 126.60. Checking the hourly graphics, we see that the 20- and 50-day EMA are under the 200-day EMA, but the price is over the latter.
As the supports at 120.00 (key) and 117.66 (November 12th low) were broken, the traders are watching the next at 113.63 (October 27th and 2008 low). The resitances are watched at 126.04 (November 13th high), 131.06 (October 30th high) and 138.57 (October 20th high).
As the stocks are still in negative terrain, the investors went back to the Japanese safe haven, which is advancing 1.83% against the Euro in the session.
Meanwhile, the 60-minute RSI is at 38 points, rebounding from the oversold area. The volatility per hour is 110 pips. The current price is under the 23.60% (126.95), and over the 0.00% (113.66) Fibonacci retracement lines.
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