10 Feb 2015
EUR/JPY struggles above 134
FXStreet (Mumbai) - EUR/JPY erased previous gains from and edged lower in the European session largely on Euro weakness as Greece woes continue to hamper investors’ sentiments.
Supported at 20-DMA
Currently, the EUR/JPY pair traded at 134.14 levels, down -0.19% on the day, retracing from day’s low posted at 134.04 levels few minutes ago. The weakness seen in EUR/JPY cross is largely on the back of a weaker euro versus the greenback, as investors remained confused about what will happen next in reference with the Greece stand-off. Moreover, tumbling European equities also added to the losses in the single currency.
While, USD/JPY march higher on broad based US dollar strength. At the moment, USD/JPY trades 0.18% higher at 118.86, while EUR/USD sinks -0.37% on the day to trade at 1.1283 levels.
EUR/JPY Levels to consider
To the upside, the next resistance is located at 134.59 and above which it could extend gains to at 135.02 levels. To the downside immediate support might be located at 134 levels below that at 133.63 levels.
Supported at 20-DMA
Currently, the EUR/JPY pair traded at 134.14 levels, down -0.19% on the day, retracing from day’s low posted at 134.04 levels few minutes ago. The weakness seen in EUR/JPY cross is largely on the back of a weaker euro versus the greenback, as investors remained confused about what will happen next in reference with the Greece stand-off. Moreover, tumbling European equities also added to the losses in the single currency.
While, USD/JPY march higher on broad based US dollar strength. At the moment, USD/JPY trades 0.18% higher at 118.86, while EUR/USD sinks -0.37% on the day to trade at 1.1283 levels.
EUR/JPY Levels to consider
To the upside, the next resistance is located at 134.59 and above which it could extend gains to at 135.02 levels. To the downside immediate support might be located at 134 levels below that at 133.63 levels.