Technical Analysis – EURJPY marks new 2014 low
Posted on August 7, 2014 at 7:00 am GMTEURJPY continues its bearish trend and marked a new 2014 low at 136.13 yesterday. The tenkan-sen and kijun-sen lines are negatively aligned while the market is below the daily Ichimoku cloud and below the 200-day moving average, all adding to the bearish market structure. Immediate resistance is seen at 138.01, August 1 high and above this at 139.26 (July 3 high), which would limit any upside moves. RSI has dipped back into bearish territory and MACD remains below zero, signaling [..]