12 Feb 2015
EUR/JPY moves away from 3-week highs
FXStreet (Mumbai) - EUR/JPY gave away previous gains and fell during the Asian session, pulling away from fresh three week highs reached overnight after yen plunged versus the greenback.
Back below 136 handle
Currently, the EUR/JPY pair traded at 135.89 levels, down -0.50% on the day, retracing from fresh three week high clocked at 136.74 levels in the US last session. The weakness seen in EUR/JPY cross is largely on a pullback in yen against the US dollar, as the yen bulls were bolstered by spectacular Japan machine orders data. The losses in the EUR/USD after a deadlock between Greece and Euro group further exacerbated the fall in the cross.
At the moment, USD/JPY trades -0.25% lower at 120.13, while EUR/USD traded lower by -0.19% at 1.1313 levels.
EUR/JPY Levels to consider
To the upside, the next resistance is located at 136.30 and above which it could extend gains to at 137 levels. To the downside immediate support might be located at 135 levels below that at 134.19 levels.
Back below 136 handle
Currently, the EUR/JPY pair traded at 135.89 levels, down -0.50% on the day, retracing from fresh three week high clocked at 136.74 levels in the US last session. The weakness seen in EUR/JPY cross is largely on a pullback in yen against the US dollar, as the yen bulls were bolstered by spectacular Japan machine orders data. The losses in the EUR/USD after a deadlock between Greece and Euro group further exacerbated the fall in the cross.
At the moment, USD/JPY trades -0.25% lower at 120.13, while EUR/USD traded lower by -0.19% at 1.1313 levels.
EUR/JPY Levels to consider
To the upside, the next resistance is located at 136.30 and above which it could extend gains to at 137 levels. To the downside immediate support might be located at 135 levels below that at 134.19 levels.