3 Jul 2013
EUR/JPY recoups losses
FXstreet.com (Córdoba) - The EUR/JPY seesawed on Wednesday and even though it remains in negative ground for the day, it managed to cut a big part of its intraday losses during the American session.
EUR/JPY back above 130.00
After dropping nearly 200 pips amid broad yen strength, EUR/JPY found support at 128.64 and bounced at the beginning of the NY session, trimming intraday losses. EUR/USD has regained the 130.00 mark and climbed to 130.20 so far, where it is currently trading still 0.3% below its opening price.
In terms of technical levels, next resistances for EUR/JPY could be found at 130.30 (prior daily lows) and 131.10 (Jul 2 high), while supports are seen at 128.64 (daily low) and 128.30 (Jun 28 low).
EUR/JPY back above 130.00
After dropping nearly 200 pips amid broad yen strength, EUR/JPY found support at 128.64 and bounced at the beginning of the NY session, trimming intraday losses. EUR/USD has regained the 130.00 mark and climbed to 130.20 so far, where it is currently trading still 0.3% below its opening price.
In terms of technical levels, next resistances for EUR/JPY could be found at 130.30 (prior daily lows) and 131.10 (Jul 2 high), while supports are seen at 128.64 (daily low) and 128.30 (Jun 28 low).