10 Jul 2014
EUR/JPY falls amid risk aversion
FXStreet (Córdoba) - The EUR/JPY decline gathered pace and extended to fresh daily lows as risk aversion picks up with European stocks getting hammered.
The EUR/JPY broke below the 138.50 area at the beginning of the European trade and slid toward a low of 138.12 in recent dealings as the yen strengthens across the board. At time of writing, the EUR/JPY is trading at the 138.20 zone, recording a 0.27% loss on the day.
EUR/JPY technical levels
As for technical levels, the EUR/JPY could find next supports at 138.15 (Jul 9 low), 138.00 (psychological level) and 137.70 (Jun 16 low). On the other hand, resistances are seen at 138.66 (Jul 10 high), 138.75 (Jul 9 high) and 139.00 (psychological level).
The EUR/JPY broke below the 138.50 area at the beginning of the European trade and slid toward a low of 138.12 in recent dealings as the yen strengthens across the board. At time of writing, the EUR/JPY is trading at the 138.20 zone, recording a 0.27% loss on the day.
EUR/JPY technical levels
As for technical levels, the EUR/JPY could find next supports at 138.15 (Jul 9 low), 138.00 (psychological level) and 137.70 (Jun 16 low). On the other hand, resistances are seen at 138.66 (Jul 10 high), 138.75 (Jul 9 high) and 139.00 (psychological level).