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12 Jun 2014
EUR/JPY headed for 136.25?
FXStreet (Guatemala) - EUR/JPY is trading at 137.91, down -0.14% on the day, having posted a daily high at 138.37 and low at 137.80.
EUR/JPY is through the 138 handle and pressing on while Karen Jones, chief analyst at Commerzbank explained the EUR/JPY has again sold off and reached the 78.6% retracement at 137.86, this remains the last defence for the 136.25 February low. “Rallies will find initial resistance at 139.00. Key resistance remains 140.10”.
EUR/JPY Levels
With spot trading at 137.92, we can see next resistance ahead at 138.05 (Hourly 20 EMA), 138.12 (Monthly Low), 138.12 (Weekly Low), 138.13 (Daily Open) and 138.15 (Weekly Classic S2) Support below can be found at 137.87 (Yesterday's Low), 137.80 (Daily Low), 137.76 (Daily Classic S1), 137.64 (Weekly Classic S3) and 137.40 (Daily Classic S2).
EUR/JPY is through the 138 handle and pressing on while Karen Jones, chief analyst at Commerzbank explained the EUR/JPY has again sold off and reached the 78.6% retracement at 137.86, this remains the last defence for the 136.25 February low. “Rallies will find initial resistance at 139.00. Key resistance remains 140.10”.
EUR/JPY Levels
With spot trading at 137.92, we can see next resistance ahead at 138.05 (Hourly 20 EMA), 138.12 (Monthly Low), 138.12 (Weekly Low), 138.13 (Daily Open) and 138.15 (Weekly Classic S2) Support below can be found at 137.87 (Yesterday's Low), 137.80 (Daily Low), 137.76 (Daily Classic S1), 137.64 (Weekly Classic S3) and 137.40 (Daily Classic S2).