11 Jul 2013
EUR/JPY falls below 129.00
FXstreet.com (Córdoba) - EUR/JPY saw a fresh leg lower during the New York session as the JPY enjoys a fresh wave of buying.
EUR/JPY broke below the 129.00 psychological level and previous daily lows, falling to the 128.65 area before finding support. At time of writing, EUR/JPY is trading around 128.75, where it is 0.5% below its opening price, having been as high as 130.42 at one stage.
EUR/JPY technical levels
In terms of technical levels, if EUR/JPY breaks below 128.65, next supports could be found at 128.00 (psychological level/Jul 10 low) and 127.35 (100-day SMA). On the other hand, resistances are seen at 129.80 (intraday level) and 130.40 (daily high).
EUR/JPY broke below the 129.00 psychological level and previous daily lows, falling to the 128.65 area before finding support. At time of writing, EUR/JPY is trading around 128.75, where it is 0.5% below its opening price, having been as high as 130.42 at one stage.
EUR/JPY technical levels
In terms of technical levels, if EUR/JPY breaks below 128.65, next supports could be found at 128.00 (psychological level/Jul 10 low) and 127.35 (100-day SMA). On the other hand, resistances are seen at 129.80 (intraday level) and 130.40 (daily high).