11 Feb 2015
EUR/JPY: Pops through 136.50 on Greek news
FXStreet (Bali) - EUR/JPY jumped furter to make a new high at 136.54 from 135.83, with fast money piling into Euros after a CNBC headlines carrying positive Greek news.
According to CNBC, Greece reacheed a deal on "principle", with discussions to continue into Monday, with the Euro-group still to make an official statement about the main conclusions reached any minute now. Additional, now Bloomberg is reporting that Greece & Europe are said to move toward a bailout extension.
Valeria Bednarik, Chief Analyst at FXStreet, said: "In the 4 hours chart the Momentum indicator aims higher above the 100 line whilst the price extended further above its 100 SMA, and the RSI indicator hovers around the 5.00 figure. Further gains are likely particularly if the price manages to settle above the 136.00 figure, pointing for an advance up to the 137.50/70 price zone."
According to CNBC, Greece reacheed a deal on "principle", with discussions to continue into Monday, with the Euro-group still to make an official statement about the main conclusions reached any minute now. Additional, now Bloomberg is reporting that Greece & Europe are said to move toward a bailout extension.
Valeria Bednarik, Chief Analyst at FXStreet, said: "In the 4 hours chart the Momentum indicator aims higher above the 100 line whilst the price extended further above its 100 SMA, and the RSI indicator hovers around the 5.00 figure. Further gains are likely particularly if the price manages to settle above the 136.00 figure, pointing for an advance up to the 137.50/70 price zone."