25 Jul 2013
EUR/JPY recovery capped by 132.00
FXstreet.com (Córdoba) - The EUR/JPY managed to pare losses during the American session as risk sentiment improved.
EUR/JPY trims losses
EUR/JPY dropped to a daily low of 131.45 during the European session, as strong Ifo data for Germany failed to inspire euro bulls. Even though the cross managed to bounce afterward, it remained capped by the 132.00 psychological level and was confined to a phase of consolidation. At time of writing, EUR/JPY is trading around 131.80, still 0.4% below its opening price.
Levels for EUR/JPY
In terms of technical levels, on the downside supports are seen at 131.45 (daily low) and 131.00 (psychological level), while on the other hand, resistances line up at 132.00 (psychological level) and 132.45 (daily high).
EUR/JPY trims losses
EUR/JPY dropped to a daily low of 131.45 during the European session, as strong Ifo data for Germany failed to inspire euro bulls. Even though the cross managed to bounce afterward, it remained capped by the 132.00 psychological level and was confined to a phase of consolidation. At time of writing, EUR/JPY is trading around 131.80, still 0.4% below its opening price.
Levels for EUR/JPY
In terms of technical levels, on the downside supports are seen at 131.45 (daily low) and 131.00 (psychological level), while on the other hand, resistances line up at 132.00 (psychological level) and 132.45 (daily high).