19 Jan 2015
EUR/JPY struggles above 135 levels
FXStreet (Mumbai) - The common currency fell against the Japanese yen in late-Asian session, as yen continues its upward trajectory versus the US dollar.
Currently, the EUR/JPY pair traded at 135.35 levels, down -0.38% on the day, moving away from fresh three-month lows of 134.77 reached in the previous session. The cross in EUR/JPY slipped as yen strengthened against the greenback as investors turn risk-averse amid a deluge of major economic release and events lined up in the week ahead.
USD/JPY trades at 117.09, down -0.33% on the day, while EUR/USD trades almost flat at 1.1558, at time of writing.
EUR/JPY Levels to consider
To the upside, the next resistance is located at 136.19 (5-DMA) and above which it could extend gains to at 136.73 (Oct 12 High) levels. To the downside immediate support might be located at 135 levels below that at 134.77 (Jan 16 Low) levels.
Currently, the EUR/JPY pair traded at 135.35 levels, down -0.38% on the day, moving away from fresh three-month lows of 134.77 reached in the previous session. The cross in EUR/JPY slipped as yen strengthened against the greenback as investors turn risk-averse amid a deluge of major economic release and events lined up in the week ahead.
USD/JPY trades at 117.09, down -0.33% on the day, while EUR/USD trades almost flat at 1.1558, at time of writing.
EUR/JPY Levels to consider
To the upside, the next resistance is located at 136.19 (5-DMA) and above which it could extend gains to at 136.73 (Oct 12 High) levels. To the downside immediate support might be located at 135 levels below that at 134.77 (Jan 16 Low) levels.