EUR/JPY's bounce at 137.50 cedes at 137.90

FXStreet (San Francisco) - After falling over 100 pips from 138.60 throughout the European session, the EUR/JPY found buying interest around 137.50, 5-month lows, in the American morning. At this level, the pair bounced back to test the 138.90 price, however the movement wasn't strong enough and the recovery attempt was stopped.

Currently, EUR/JPY is trading at 137.80, down 0.62% on the day, having posted a daily high at 138.71 and low at 137.50. The FXStreet OB/OS Index is reflecting neutral hourly conditions, while the FXStreet Trend Index is slightly bearish.

EUR/JPY levels

If the pair manages to extend recovery above 137.90, next resistances would be 138.10, 138.50 and 138.70. On the downside, 137.50, 137.00 and 136.40.