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15 Jul 2013
EUR/JPY reaches 2-week high
FXstreet.com (Córdoba) - The EUR/JPY rose to a 2-week high at the beginning of the American session amid broad yen weakness.
EUR/JPY breaks above 130.55
EUR/JPY broke above the 130.55 resistance area and rose to its highest in nearly 2 weeks at 130.69 in recent dealings. At time of writing, EUR/JPY is trading at the 130.60/65 zone, where it records a 0.5% gain on the day.
In terms of technical levels, next resistances are seen at 130.80 (Jul 3 high) and 131.00 (psychological level), while supports could be found at 129.85 (20-hour SMA) and 129.35 (daily low).
EUR/JPY breaks above 130.55
EUR/JPY broke above the 130.55 resistance area and rose to its highest in nearly 2 weeks at 130.69 in recent dealings. At time of writing, EUR/JPY is trading at the 130.60/65 zone, where it records a 0.5% gain on the day.
In terms of technical levels, next resistances are seen at 130.80 (Jul 3 high) and 131.00 (psychological level), while supports could be found at 129.85 (20-hour SMA) and 129.35 (daily low).