15 Nov 2013
EUR/JPY pokes its head above 135.00, but can't hold
FXstreet.com (Barcelona) - Despite being capped overnight by resistance just below the key 135.00 level, EUR/JPY dipped to post an intraday low at 134.49 in early hours trading, before climbing to poke its head above the pulpit and post a high at 135.05.
EUR/JPY led by USD/JPY push above 100.00 and pending EZ Inflation report
Yesterday saw USD/JPY climb above the psychological 100.00 level, supported by FOMC member Yellen’s speech, while this morning EU CPI due at 10:00 GMT. YoY expectations are for 0.7%, down from 1.1% in September, and MoM -0.1%, down from 0.5% in September. The pair has presently failed to keep above 135.00, and is trading at 134.91
What are today’s key EUR/JPY levels?
The central pivot point is located at 134.3103. Pivot supports for this pair are to be found at 133.8957 (S1), 133.1953 (S2) and 132.7807(S3).Conversely, daily pivot resistances for this pair are to be found at 135.0107 (R1), 135.4253 (R2) and 136.1257 (R3). Special attention should be paid to the price range 134.89-135.23 where several technical levels are confluent today.
EUR/JPY led by USD/JPY push above 100.00 and pending EZ Inflation report
Yesterday saw USD/JPY climb above the psychological 100.00 level, supported by FOMC member Yellen’s speech, while this morning EU CPI due at 10:00 GMT. YoY expectations are for 0.7%, down from 1.1% in September, and MoM -0.1%, down from 0.5% in September. The pair has presently failed to keep above 135.00, and is trading at 134.91
What are today’s key EUR/JPY levels?
The central pivot point is located at 134.3103. Pivot supports for this pair are to be found at 133.8957 (S1), 133.1953 (S2) and 132.7807(S3).Conversely, daily pivot resistances for this pair are to be found at 135.0107 (R1), 135.4253 (R2) and 136.1257 (R3). Special attention should be paid to the price range 134.89-135.23 where several technical levels are confluent today.