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8 May 2015
EUR/JPY drops toward 134.00
FXStreet (Córdoba) - EUR/JPY failed to hold to gains and dropped toward 134.00. The pair rose to 135.33 after the release of the US employment report but quickly pulled back and reversed.
EUR/JPY rejected from above 135.00
The euro weakened against the yen and accelerated to the downside below 134.60. The pair recently printed a fresh daily low at 134.08 and remains near the lows, under bearish pressure as EUR/USD trades below 1.1200.
EUR/JPY technical levels
To the downside, support levels might lie at 134.00, 133.70 (May 4 low) and 133.05/10 (May 5 low). On the opposite direction, resistance now could be located at 134.60 (intraday level), 135.00 (Asian session high) and 135.35 (daily high).
EUR/JPY rejected from above 135.00
The euro weakened against the yen and accelerated to the downside below 134.60. The pair recently printed a fresh daily low at 134.08 and remains near the lows, under bearish pressure as EUR/USD trades below 1.1200.
EUR/JPY technical levels
To the downside, support levels might lie at 134.00, 133.70 (May 4 low) and 133.05/10 (May 5 low). On the opposite direction, resistance now could be located at 134.60 (intraday level), 135.00 (Asian session high) and 135.35 (daily high).