Statistics reported yesterday revealed a rise in job creation in the eurozone, while the GDP data showed a steady improvement in the eurozone economy in third quarter growth. The support rests at 129.50 with resistance at 130.11 which the Pivot Point at 129.76 is located above the price line. The EMA of 10 is moving in bearish bias in the descendant channel and it is below the EMA of 100 and the EMA of 200.
The RSI is moving toward oversold area, the MACD histogram is in positive territory. The Stochastic is moving in high ranges with a sell crossover signal and the ADX is not showing a clear signal.
The EUR/JPY price is below the Ichimoku Cloud and the Chinkou Span is moving far away the market price. Both Tenkan-sen and Kijun-sen are both showing a downtrend. There is resistance at 130.11, followed by resistance at 130.37 and 130.72. There is support at 129.50 Below, there is 129.15 and 128.89.
