20 Nov 2013
EUR/JPY reverses at 134.26 lows; consolidates bounce above 134.30
FXstreet.com (Chicago) - EUR/JPY hit breaks around the 134.26 front shortly after the closing of a bloody Wall Street journey and ahead of the BoJ interest rate decision. Earlier in Japan, industry index results disappointed similarly to Europe’s strongest economy economic results.
EUR/JPY Technical Levels
Technically speaking, the pair is offered at 134.32 and finds grounds after extended fall from 135.96, 4-year highs which retracement started yesterday with an end around 134.26 session lows. Around the 38.2% Fibonacci level (131.33/ 136), the pair is offered at 134.39 and oscillates between the supports aligned at 134 (November 12th highs), 133.21 (November 13th lows) ahead of 132.33 (November 5th lows) and the resistances set at 134.59 (November 18th lows), 135.45 (October 30th highs) followed by 136 (November 19th highs).
EUR/JPY Technical Levels
Technically speaking, the pair is offered at 134.32 and finds grounds after extended fall from 135.96, 4-year highs which retracement started yesterday with an end around 134.26 session lows. Around the 38.2% Fibonacci level (131.33/ 136), the pair is offered at 134.39 and oscillates between the supports aligned at 134 (November 12th highs), 133.21 (November 13th lows) ahead of 132.33 (November 5th lows) and the resistances set at 134.59 (November 18th lows), 135.45 (October 30th highs) followed by 136 (November 19th highs).