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30 Sep 2013
EUR/JPY, will be it enough to breakthrough 133?
FXstreet.com (Chicago) - EUR/JPY bounced off 131.71 lows but remained capped under the 133 limits on Friday evening at the closing of the American trading session.
Array of data
Ahead of the Nomura manufacturing purchasing manager index, industrial production release, retail sales results, large retailer’s sales, vehicle production along housing starts data, the euro extends last July 20th’s upward trendline. Around 3-year highs, the pair seems to stall under the 133 zone on intense and eventful weekend in Europe and the US.
EUR/JPY Technical Levels
Technically speaking, the pair is offered at 132.82, the pair closed between supports aligned at 132.61 (September 17th highs), 132.15 (September 5th highs) followed by 131.60 (September 13th lows) and resistances set at 132.91 (September 26th lows), 133.33 (September 10th highs) ahead of 133.93 (September 25th highs). The FXstreet.com trend index reported the pair as slightly bearish on one-hour timeframe analysis
Array of data
Ahead of the Nomura manufacturing purchasing manager index, industrial production release, retail sales results, large retailer’s sales, vehicle production along housing starts data, the euro extends last July 20th’s upward trendline. Around 3-year highs, the pair seems to stall under the 133 zone on intense and eventful weekend in Europe and the US.
EUR/JPY Technical Levels
Technically speaking, the pair is offered at 132.82, the pair closed between supports aligned at 132.61 (September 17th highs), 132.15 (September 5th highs) followed by 131.60 (September 13th lows) and resistances set at 132.91 (September 26th lows), 133.33 (September 10th highs) ahead of 133.93 (September 25th highs). The FXstreet.com trend index reported the pair as slightly bearish on one-hour timeframe analysis