24 Jul 2013
EUR/JPY backs away from highs
FXstreet.com (Córdoba) - EUR/JPY lost momentum and settled in a range during the American session as both yen weakness and euro strength eased during the American session.
EUR/JPY rally stalls ahead of 133.00
EUR/JPY peaked at 132.72 but lost momentum and retreated somewhat. However, with the dip being contained by the 132.30 zone, the pair was confined to a phase of consolidation. At time of writing, EUR/JPY is trading around 132.35/40, where it records a 0.7% gain on Wednesday.
EUR/JPY levels
In terms of technical levels, immediate supports could be faced at 131.35 (daily low) and 131.00 (psychological level), while on the upside, resistances are seen at 132.85 (May 23 high) and 133.00 (psychological level).
EUR/JPY rally stalls ahead of 133.00
EUR/JPY peaked at 132.72 but lost momentum and retreated somewhat. However, with the dip being contained by the 132.30 zone, the pair was confined to a phase of consolidation. At time of writing, EUR/JPY is trading around 132.35/40, where it records a 0.7% gain on Wednesday.
EUR/JPY levels
In terms of technical levels, immediate supports could be faced at 131.35 (daily low) and 131.00 (psychological level), while on the upside, resistances are seen at 132.85 (May 23 high) and 133.00 (psychological level).