EUR/JPY recovery pauses ahead of 132.00

FXstreet.com (Córdoba) - The euro has continued to trim losses against the yen during the New York session, having risen over 200 pips from European session lows sub-130.00.

However the euro recovery stalled just ahead of the 132.00 psychological level with the most recent high printed at 131.95. At time of writing, EUR/JPY is trading at the 131.80 zone, still 0.6% below its opening price.

If EUR/JPY recovers the 132.00 hurdle, next resistances could be faced at 132.85 (daily high) and 133.00 (psychological level). On the other hand, immediate supports might be found at 131.25 (intraday level) and 130.50 (20-day SMA).