19 Jul 2013
EUR/JPY jumps to 132.00 level
FXstreet.com (New York) - The EUR/JPY technical cross has breached the 132.00 level, soaring to new heights Friday morning during Asian trading.
Technically speaking, the EUR/JPY is now residing at the 132.00 resistance, presently up +0.31% Friday. Following a break this region, the pair will look to test resistance at 132.11 (May 28 high), onto 132.51 (May 24 high).
EUR/JPY strategic bias
According to the Technical Analyst Team at ICN.com, “The EUR/JPY maintained a steady position above the 132.00 level, better supporting our positive expectations. The scenario of a bullish trend is valid and active as long as 130.30 stands ground. The Moving Average 50 supports the expected bullish wave.”
Technically speaking, the EUR/JPY is now residing at the 132.00 resistance, presently up +0.31% Friday. Following a break this region, the pair will look to test resistance at 132.11 (May 28 high), onto 132.51 (May 24 high).
EUR/JPY strategic bias
According to the Technical Analyst Team at ICN.com, “The EUR/JPY maintained a steady position above the 132.00 level, better supporting our positive expectations. The scenario of a bullish trend is valid and active as long as 130.30 stands ground. The Moving Average 50 supports the expected bullish wave.”