19 Aug 2015
EUR/JPY remains supported on critical levels
FXStreet (Guatemala) - EUR/JPY is currently trading at 137.26 with a high of 137.62 and a low of 137.06.
EUR/JPY is choppy along a support zone having slid from the 138.80 territories earlier on in the month and has been a better offered theme since with 137.20 supporting. The euro is relishing in the disappointments in the US data at any given opportunity and today the CPI's failed support the greenback which offers the cross some support. However, USD/JPY is now pressuring the 124 level which does not bode well for the EUR/JPY bulls. We await the FOMC minutes as the next driving force for the cross.
EUR/JPY downside remains compelling
138.40 is required of any recovery if there is to be any conviction in the longevity of the bulls attempts at the upside while the downside remains compelling and targets the 200 day moving average at 136.91. A break of 135.00 level would open up the possibility of a slide to key support at 133.30/10, the lows seen since May.
EUR/JPY is choppy along a support zone having slid from the 138.80 territories earlier on in the month and has been a better offered theme since with 137.20 supporting. The euro is relishing in the disappointments in the US data at any given opportunity and today the CPI's failed support the greenback which offers the cross some support. However, USD/JPY is now pressuring the 124 level which does not bode well for the EUR/JPY bulls. We await the FOMC minutes as the next driving force for the cross.
EUR/JPY downside remains compelling
138.40 is required of any recovery if there is to be any conviction in the longevity of the bulls attempts at the upside while the downside remains compelling and targets the 200 day moving average at 136.91. A break of 135.00 level would open up the possibility of a slide to key support at 133.30/10, the lows seen since May.