6 Aug 2015
EUR/JPY sideways, far from weekly lows
FXStreet (Córdoba) - The euro is up modestly against the yen on Thursday but remains moving sideways after rising sharply yesterday. EUR/JPY is approaching daily highs as it trades above 136.00.
EUR/JPY: rebound and consolidation
Yesterday the pair bottomed at 134.97, the lowest level in two weeks and then bounced sharply to the upside. Today during the Asian session rose further and printed a new high at 136.47, then turned to the downside and bottomed at 135.78.
After the beginning of the American session rose back toward daily highs, but it was unable to make a strong rally above 136.00 as volatility declined in the forex market ahead of tomorrow’s NFP report.
EUR/JPY technical levels
To the upside, resistance levels could be located at 136.50, 137.00 and 137.30/35 (July 31 high). On the flip side, support levels might lie at 135.80, 135.50 and 135.25 (August 4 low).
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EUR/JPY: rebound and consolidation
Yesterday the pair bottomed at 134.97, the lowest level in two weeks and then bounced sharply to the upside. Today during the Asian session rose further and printed a new high at 136.47, then turned to the downside and bottomed at 135.78.
After the beginning of the American session rose back toward daily highs, but it was unable to make a strong rally above 136.00 as volatility declined in the forex market ahead of tomorrow’s NFP report.
EUR/JPY technical levels
To the upside, resistance levels could be located at 136.50, 137.00 and 137.30/35 (July 31 high). On the flip side, support levels might lie at 135.80, 135.50 and 135.25 (August 4 low).
Register to the live coverage and trade the NonFarm Payrolls with Bednarik, Pinkert and Elam. We are Forex!