12 Jul 2013
EUR/JPY struggling below 130.00
FXstreet.com (Barcelona) - The EURJPY foreign exchange cross rate is last trading very near fresh session highs at 129.64, off recent NY session highs at 129.76, printed on the back of EUR strength.
EUR/JPY having a hard time to firm up
“Second day in a row closing with a doji for EUR/JPY, confirming the lack of direction the pair has as both EUR and JPY are now advancing firmly against the greenback,” said Valeria Bednarik, Chief Analyst at Fxstreet.com, adding: “Regardless the upward short term momentum seen in the hourly chart, the pair is having a hard time to firm up above the 130.00 figure, with spikes contained in the 130.40/50 area, and buyers surging on approaches to 128.00.”
EUR/JPY key technical levels
Bednarik spots support levels at: 129.10, 128.70 and 128.20, while resistance levels at: 129.70, 130.10 and 130.50.
EUR/JPY having a hard time to firm up
“Second day in a row closing with a doji for EUR/JPY, confirming the lack of direction the pair has as both EUR and JPY are now advancing firmly against the greenback,” said Valeria Bednarik, Chief Analyst at Fxstreet.com, adding: “Regardless the upward short term momentum seen in the hourly chart, the pair is having a hard time to firm up above the 130.00 figure, with spikes contained in the 130.40/50 area, and buyers surging on approaches to 128.00.”
EUR/JPY key technical levels
Bednarik spots support levels at: 129.10, 128.70 and 128.20, while resistance levels at: 129.70, 130.10 and 130.50.