EUR/JPY is siting at 136.87 and begging for new triggers

FXStreet (Moscow) - EUR/JPY has a slow start on Monday as no geopolitical news has hit the wires yet. The cross is sitting at its opening level of 136.87.

EUR/JPY traders ar TV-news addicts

EUR/JPY recovered from Friday lows of 135.70 and finished week at 136.80. This more than 100-pips rise was caused by eased geopolitical tensions on the news that Russian troops finished their drills at Ukrainian borders and returned to bases two days earlier than it had been previously scheduled. On weekly basis the cross keeps close to the lowe side of its recent range, though a dip below 136.00 to new 2014 lows is a bad omen. On the intraday basis, the cross will be influenced by risk sentiments. Bank of Japan monthly economic survey to be published later today will hardly be able to produce notable effect on the markets unless it contains something contrary to current consensus on Japanese economy.

What are today’s key EUR/JPY levels?

Today's central pivot point can be found at 136.51, with support below at 136.06, 135.58 and 135.83, with resistance above at 137.29, 137.74, and 138.52. Hourly Moving Averages are bearish with the 200SMA bearish at 137.18 and the daily 20EMA bearish at 137.30 Hourly RSI is bullish at 63