28 Jun 2013
EUR/JPY flat for the week struggling around 128.50
FXstreet.com (Barcelona) - With all news coming out of Japan already published, and Tokyo opening sending the Nikkei index above the 13400 points up +1.47%, the EUR/JPY cross is last trading at 128.47, off recent fresh session and 3-day highs at 128.52.
EUR/JPY is up +1% from previous Asia-Pacific open yesterday, but it breaks even for the week, managing to pare loses from Wednesday's weekly lows at 126.54. According to Valeria Bednarik, Chief Analyst at Fxstreet.com the cross maintains “a positive tone according to the hourly chart, with indicators heading north above their midlines, and 100 and 200 SMAs converging around 127.90.”
Bednarik sees support levels at: 127.90, 127.65 and 126.90, while resistance levels at: 128.40, 128.80 and 129.30.
EUR/JPY is up +1% from previous Asia-Pacific open yesterday, but it breaks even for the week, managing to pare loses from Wednesday's weekly lows at 126.54. According to Valeria Bednarik, Chief Analyst at Fxstreet.com the cross maintains “a positive tone according to the hourly chart, with indicators heading north above their midlines, and 100 and 200 SMAs converging around 127.90.”
Bednarik sees support levels at: 127.90, 127.65 and 126.90, while resistance levels at: 128.40, 128.80 and 129.30.