11 Jul 2013
EUR/JPY settles in a range
FXstreet.com (Córdoba) - The EUR/JPY managed to stabilize around mid-range during the European session, following strong volatility triggered by the Fed.
EUR/JPY steadies above 100-hour SMA
The EUR/JPY also faced the BoJ decision during the Asian session, although no changes in monetary policy were made. After falling over 130 pips, EUR/JPY found support just ahead of the 129.00 mark to settle in a range above the 100-hour SMA. At time of writing, EUR/JPY is trading at the 129.65 area, where it is still up 0.3% on the day.
In terms of technical levels, immediate supports could be found at 129.50 (100-hour SMA) and 129.05 (daily low), while resistances are seen at 129.80 (intraday level) and 130.40 (daily high).
EUR/JPY steadies above 100-hour SMA
The EUR/JPY also faced the BoJ decision during the Asian session, although no changes in monetary policy were made. After falling over 130 pips, EUR/JPY found support just ahead of the 129.00 mark to settle in a range above the 100-hour SMA. At time of writing, EUR/JPY is trading at the 129.65 area, where it is still up 0.3% on the day.
In terms of technical levels, immediate supports could be found at 129.50 (100-hour SMA) and 129.05 (daily low), while resistances are seen at 129.80 (intraday level) and 130.40 (daily high).