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1 Jul 2014
EUR/JPY tops 139.00, fresh 3-week highs
FXStreet (Córdoba) - The EUR/JPY rose through the 139.00 mark and printed fresh 3-week highs as the euro picked up momentum across the board following mixed German and Eurozone data.
The EUR/JPY advanced to a high of 139.11 after the release of a string of manufacturing PMIs which came in mixed among Eurozone members, but stalled just shy of the 200-day SMA that acts as dynamic resistance at 139.13. At time of writing, the EUR/JPY is trading at 139.07, recording a 0.25% gain on the day.
EUR/JPY levels to watch
As for technical levels, next resistances for EUR/JPY are seen at 139.13 (200-day SMA), 139.40 (Jun 10 high) and 139.60 (50-day SMA). On the other hand, supports could be found at 138.67 (Jul 1 low/10-day SMA), 138.09 (Jun 30 low) and 138.00 (psychological level).
The EUR/JPY advanced to a high of 139.11 after the release of a string of manufacturing PMIs which came in mixed among Eurozone members, but stalled just shy of the 200-day SMA that acts as dynamic resistance at 139.13. At time of writing, the EUR/JPY is trading at 139.07, recording a 0.25% gain on the day.
EUR/JPY levels to watch
As for technical levels, next resistances for EUR/JPY are seen at 139.13 (200-day SMA), 139.40 (Jun 10 high) and 139.60 (50-day SMA). On the other hand, supports could be found at 138.67 (Jul 1 low/10-day SMA), 138.09 (Jun 30 low) and 138.00 (psychological level).