1 Jul 2013
EUR/JPY at 3-week highs
FXstreet.com (Córdoba) - The EUR/JPY strengthened further during the American session and extended gains to fresh daily highs.
EUR/JPY rises above 130.00
Following a phase of consolidation, EUR/JPY picked up momentum and broke above the 130.00 level to hit a fresh 3-week high of 130.24 before easing slightly. At time of writing, EUR/JPY is trading around 130.15, where it is 0.8% above its opening price.
In terms of technical levels, if EUR/JPY breaks decisively above 130.25, next resistances are seen at 130.40 (61.8% of 133.82-124.94) and 130.60. On the other hand, supports could be found at 129.65 (Jun 28 high) and 129.00 (daily low/psychological level).
EUR/JPY rises above 130.00
Following a phase of consolidation, EUR/JPY picked up momentum and broke above the 130.00 level to hit a fresh 3-week high of 130.24 before easing slightly. At time of writing, EUR/JPY is trading around 130.15, where it is 0.8% above its opening price.
In terms of technical levels, if EUR/JPY breaks decisively above 130.25, next resistances are seen at 130.40 (61.8% of 133.82-124.94) and 130.60. On the other hand, supports could be found at 129.65 (Jun 28 high) and 129.00 (daily low/psychological level).