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Technical analysis of EUR/JPY for August 06, 2015

Ahead of today's BOJ monetary policy statement and tomorrow's BOJ press conference, the JPY is trading higher during today's Asian session.

At yesterday's session, the cross managed to regain the lost daily moving averages 20 Dsma, 100Dema and 200Dema.

The cross closed above most of the daily moving averages, except for 50Dsma and 20Dsma that seems to be at 137.10. The 20Wsma is found at 134.50. The cross has been making head and shoulder formation, neck line is at 133.09.

Intraday support is found at 135.80 and 135.60. Resistance seems to be at 136.45, 136.80, and 137.10.

Weekly key support level is at 134.50

Intraday selling likely below 135.70 aims at 135.50, 135.30, and 135.10. Selling accelerates below 135.50.


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