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19 Aug 2013
EUR/JPY continues to trim gains
FXstreet.com (Córdoba) - The yen strengthened broadly during the American session and dragged EUR/JPY to session lows as sentiment deteriorates and US stocks test lows as well.
EUR/JPY backs away from 131.00
EUR/JPY has dropped nearly 70 pips within the last hours, extending its pullback from a 2-week high of 131.02 to the 130.25 area. At time of writing, EUR/JPY is trading around 130.30, where it is still 0.1% above its opening price.
EUR/JPY technical levels
As for technical levels, the EUR/JPY could found immediate support levels at 130.00 (psychological level) and 129.85 (daily low), while on the other hand, resistances are seen at 131.02 (daily high) and 131.55 (Aug 5 high).
EUR/JPY backs away from 131.00
EUR/JPY has dropped nearly 70 pips within the last hours, extending its pullback from a 2-week high of 131.02 to the 130.25 area. At time of writing, EUR/JPY is trading around 130.30, where it is still 0.1% above its opening price.
EUR/JPY technical levels
As for technical levels, the EUR/JPY could found immediate support levels at 130.00 (psychological level) and 129.85 (daily low), while on the other hand, resistances are seen at 131.02 (daily high) and 131.55 (Aug 5 high).