FXstreet.com (Buenos Aires) – Pair fell again to the 90.40 area, where buyers halt the downside rally; back above 90.60 resistance zone, pair is attempting to recover the 91.00 level, as hourly indicators seem to have bottomed and turned slightly bullish at this point. Above mentioned 91.00, next resistance come at 91.35 and 91.60 area, while back under 90.50 will send the pair to retest the lows between 90.20/40. EUR/JPY turned to the downside, hovering now around the daily 100 SMA around 134.00; daily close under this level will put the pair under pressure, as also daily indicators are turning down. Immediate resistance comes at the strong 134.40 area, ahead of 135.00, daily descendant trend line.
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