10 Mar 2015
EUR/JPY wakes up and trades 30 pips up to 131.70
FXStreet (Tokyo) - After trading sideways below the 131.50 level in the Asian session, the EUR/JPY is now stretching muscles and rising to trade at 131.70.
Earlier in the day, the EUR/JPY formed a solid support at 131.35 after declining from 131.85 daily highs. Currently, EUR/JPY is trading at 131.72, up 0.17% on the day, having posted a daily high at 131.90 and low at 131.35.
The hourly FXStreet OB/OS Index is showing neutral conditions, alongside the FXStreet Trend Index which is slightly bearish.
Euro to Yen exchange rate levels
If the pair consolidates levels above MA 50-hours level at 131.60, the EUR/JPY will find next resistances at 131.85 and 132.10. To the downside, supports are at 131.35, 131.20 and 130.70.
Earlier in the day, the EUR/JPY formed a solid support at 131.35 after declining from 131.85 daily highs. Currently, EUR/JPY is trading at 131.72, up 0.17% on the day, having posted a daily high at 131.90 and low at 131.35.
The hourly FXStreet OB/OS Index is showing neutral conditions, alongside the FXStreet Trend Index which is slightly bearish.
Euro to Yen exchange rate levels
If the pair consolidates levels above MA 50-hours level at 131.60, the EUR/JPY will find next resistances at 131.85 and 132.10. To the downside, supports are at 131.35, 131.20 and 130.70.