23 Jul 2013
EUR/JPY back around 131.50 on Euro strength
FXstreet.com (Barcelona) - The EUR/JPY foreign exchange cross rate is last quoted at 131.44 , off recent session highs at 131.49, right where the cross closed in NY.
EUR/JPY higher on Euro strength and Yen weakness
A round trip move for EUR/JPY from the NY close near these levels to fresh session/weekly lows at 130.70 following a massive move higher in Yen that took all stop losses out below the 131 barrier. According to IFR Markets analysts, the “Long term 50% fib resistance at 132 looks to be influencing price again.” Nikkei index is last up +0.77% capped below the 14800 points mark.
EUR/JPY key technical levels
Immediate support to the downside for EUR/JPY lies at Friday's/Monday's lows 131.20/11, followed by recent session/weekly lows at 130.71, and July 09 highs at 130.56. To the upside, closest resistance shows at recent session highs 131.49, followed by London session highs at 131.87, and Friday's Asian session highs at 132.11.
EUR/JPY higher on Euro strength and Yen weakness
A round trip move for EUR/JPY from the NY close near these levels to fresh session/weekly lows at 130.70 following a massive move higher in Yen that took all stop losses out below the 131 barrier. According to IFR Markets analysts, the “Long term 50% fib resistance at 132 looks to be influencing price again.” Nikkei index is last up +0.77% capped below the 14800 points mark.
EUR/JPY key technical levels
Immediate support to the downside for EUR/JPY lies at Friday's/Monday's lows 131.20/11, followed by recent session/weekly lows at 130.71, and July 09 highs at 130.56. To the upside, closest resistance shows at recent session highs 131.49, followed by London session highs at 131.87, and Friday's Asian session highs at 132.11.