13 Feb 2015
EUR/JPY flattish ahead of EMU data
FXStreet (Mumbai) - EUR/JPY traded lack lustre during the mid-European session, failing to find clear direction, despite upbeat German GDP data as cross remains subdued on USD weakness.
Supported above 135 levels
Currently, the EUR/JPY pair traded flat at 135.85 levels, failing to hold above 136 levels. The EUR/JPY traded muted amid US dollar weakness as the cross continues to trade in a tight range since past couple of day, with buying emerging around 135 levels and the upside restricted around 136.70 levels. Moreover, cheerful German GDP data also failed to boost the shared currency versus the yen.
Meanwhile, traders now focus on EMU GDP data and the crucial US macro data due later today for fresh cues on the cross.
EUR/JPY Levels to consider
To the upside, the next resistance is located at 136.30 and above which it could extend gains to at 136.70 levels. To the downside immediate support might be located at 135 levels below that at 134.77 levels.
Supported above 135 levels
Currently, the EUR/JPY pair traded flat at 135.85 levels, failing to hold above 136 levels. The EUR/JPY traded muted amid US dollar weakness as the cross continues to trade in a tight range since past couple of day, with buying emerging around 135 levels and the upside restricted around 136.70 levels. Moreover, cheerful German GDP data also failed to boost the shared currency versus the yen.
Meanwhile, traders now focus on EMU GDP data and the crucial US macro data due later today for fresh cues on the cross.
EUR/JPY Levels to consider
To the upside, the next resistance is located at 136.30 and above which it could extend gains to at 136.70 levels. To the downside immediate support might be located at 135 levels below that at 134.77 levels.