Back
13 Aug 2013
EUR/JPY well bid above 129.00
FXstreet.com (Barcelona) - The EUR/JPY foreign exchange cross rate is currently trading at session highs 129.40, off recent session lows at 129.17, a +0.80% higher for the week so far.
EUR/JPY selling pressure is not over yet
“Yen advance was reverted by recovering stocks, with the EUR/JPY surging during US session,” said Valeria Bednarik, Chief Analyst at Fxstreet.com, adding: “Despite closing the day in positive territory, the daily chart shows selling pressure is not yet over.” The Nikkei index is up +1.35% for the day so far, hovering around the 13700 level.
EUR/JPY key technical levels
Bednarik finds support levels at:128.40, 127.90 and 127.50, while resistance levels at: 129.35 and 129.80.
EUR/JPY selling pressure is not over yet
“Yen advance was reverted by recovering stocks, with the EUR/JPY surging during US session,” said Valeria Bednarik, Chief Analyst at Fxstreet.com, adding: “Despite closing the day in positive territory, the daily chart shows selling pressure is not yet over.” The Nikkei index is up +1.35% for the day so far, hovering around the 13700 level.
EUR/JPY key technical levels
Bednarik finds support levels at:128.40, 127.90 and 127.50, while resistance levels at: 129.35 and 129.80.