6 Mar 2015
EUR/JPY moves away from monthly lows
FXStreet (Mumbai) - EUR/JPY retreated from close to one month lows, although remains in red in the late-Asian session largely on yen strength as traders now await US NFP data for fresh incentives.
EUR/JPY supported above 132 levels
Currently, the EUR/JPY cross fell -0.16% at 132.31 levels, recovering from fresh four week lows hit at 132.06 levels in the previous session. The cross in EUR/JPY keeps losses largely on the yen strength versus the US dollar as the USD bulls took a breather before NFP, locking in gains from the recent rally. On the other hand, the shared currency trades muted near multi-year lows as traders digest ECB Draghi’s comments.
Meanwhile, traders stick to cautious mode ahead of US employment data which may provide further momentum on the cross.
EUR/JPY Levels to consider
To the upside, the next resistance is located at 132.52 and above which it could extend gains to at 133 levels. To the downside immediate support might be located at 132.06 levels below that at 130.89 levels.
EUR/JPY supported above 132 levels
Currently, the EUR/JPY cross fell -0.16% at 132.31 levels, recovering from fresh four week lows hit at 132.06 levels in the previous session. The cross in EUR/JPY keeps losses largely on the yen strength versus the US dollar as the USD bulls took a breather before NFP, locking in gains from the recent rally. On the other hand, the shared currency trades muted near multi-year lows as traders digest ECB Draghi’s comments.
Meanwhile, traders stick to cautious mode ahead of US employment data which may provide further momentum on the cross.
EUR/JPY Levels to consider
To the upside, the next resistance is located at 132.52 and above which it could extend gains to at 133 levels. To the downside immediate support might be located at 132.06 levels below that at 130.89 levels.