29 Jan 2015
EUR/JPY struggles around 133.00 despite upbeat German data
FXStreet (Mumbai) - The EUR/JPY pair continues to hover around 133.00 levels post the release of an upbeat German employment data.
Uninspired by fall in German unemployment in January
The EUR pairs have remained largely unchanged after the data in Germany showed unemployment fell in January in line with expectations. The number of unemployed fell by 9,000 in January after seasonal variations in the data, following a 25,000 drop in December.
The EUR/JPY pair bounced from the 10-DMA located at 132.73, although gains have been capped around 133.00 levels so far.
EUR/JPY Technical Levels
The immediate resistance is seen at 133.69, above which the pair could test 134.07 (10-DMA) levels. On the flip side, support is seen at 132.72 (5-DMA) and 132.03 levels.
Uninspired by fall in German unemployment in January
The EUR pairs have remained largely unchanged after the data in Germany showed unemployment fell in January in line with expectations. The number of unemployed fell by 9,000 in January after seasonal variations in the data, following a 25,000 drop in December.
The EUR/JPY pair bounced from the 10-DMA located at 132.73, although gains have been capped around 133.00 levels so far.
EUR/JPY Technical Levels
The immediate resistance is seen at 133.69, above which the pair could test 134.07 (10-DMA) levels. On the flip side, support is seen at 132.72 (5-DMA) and 132.03 levels.