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23 Apr 2015
EUR/JPY struggling around 129.00
FXStreet (Córdoba) - After briefly dropping sub-128.00, EUR/JPY turned higher and climbed more than 150 pips throughout the European session, reaching its highest level in 2 weeks.
EUR/JPY broke above the 129 mark and reached a high of 129.38, last seen Apr 9, while both EUR/USD and USD/JPY remained close to session highs. However, the euro-yen has backed away from peaks and it is currently trading at 128.90, still up 0.26% on the day.
EUR/JPY levels to watch
In terms of technical levels, EUR/JPY could find immediate resistances at 129.38 (daily high), 129.75 (Apr 9 high) and 130.00 (psychological level). On the other hand, supports are seen at 128.17 (Apr 22 low), 127.86 (daily low) and 127.44 (Apr 21 low).
EUR/JPY broke above the 129 mark and reached a high of 129.38, last seen Apr 9, while both EUR/USD and USD/JPY remained close to session highs. However, the euro-yen has backed away from peaks and it is currently trading at 128.90, still up 0.26% on the day.
EUR/JPY levels to watch
In terms of technical levels, EUR/JPY could find immediate resistances at 129.38 (daily high), 129.75 (Apr 9 high) and 130.00 (psychological level). On the other hand, supports are seen at 128.17 (Apr 22 low), 127.86 (daily low) and 127.44 (Apr 21 low).