EUR/JPY knocks on fresh 1-week 133 highs doors

FXstreet.com (Barcelona) - The EUR/JPY foreign exchange cross rate is currently trading at 133.00 round at fresh session and weekly highs mostly on the back of Yen weakness, up +0.68% for the week thus far.

EUR/JPY upside favoured

“Little progress in the crosses, as all is about USD today,” said Valeria Bednarik, Chief Analyst at Fxstreet.com, adding: “The hourly chart shows price holding above moving averages, while indicators aim higher in neutral territory, giving not much clues on upcoming moves. Still the upside is favored as yen will hardly advance with strong stocks across the world.”

EUR/JPY key technical levels

Bednarik finds support levels at: 132.00, 131.60 and 131.20, while resistance levels at: 132.60, 133.00 and 133.45.