Topic: Chart of the Day – EUR/JPY of 29/04/2014
The rate has all over again used the support of the 12 month uptrend (which is currently at 141.19) and currently appearance to be breaking out of a consolidation part. If the monetary unit will currently begin to build support on top of 142 then the next resistance is not till the April highs at 143.47. Momentum indicators additionally|also are|are} confirming the advance with Stochastics advancing powerfully and currently also the daily RSI pushing higher. The intraday chart shows now resistance slightly below 142 has repeatedly held the Euro back over the past few weeks.