31 Jul 2013
EUR/JPY eyes 130.00
FXstreet.com (London) - EUR/JPY has moved higher on the London open and has continued to drift towards 130.00.
EUR/JPY has met strong resistance at 130.00 after the release of positive German unemployment data beating expectations, albeit only moderately. The number took the pair to the figure but wasn’t strong enough to resist offers. The German Unemployment change came in as -7k vrs -4k consensuses and -13k previous. Up next we have EZ CPI at 9GMT while USD/JPY awaits US data in the afternoon and FOMC taking the spot light.
EUR/JPY levels
EUR/JPY remains vulnerable above the cloud support at 129.38/128.40. Failure here could open up to target the 124.94 June low. Levels come with the 20 d ma at 130.48, 50 d ma at 129.73 and 200 d ma at 121.47 with RSI (9) reading 44.42. Supports are from 125.00 Fib, 126.47 16th April Low. Near terms are from 128.21,128.65, 128.91, 129.42, and spot 129.89. Resistances are 130.56 130.69 130.95, 131.17 2nd July high, 131.45 and 132.75 14th May highs. May high was 133.82.
EUR/JPY has met strong resistance at 130.00 after the release of positive German unemployment data beating expectations, albeit only moderately. The number took the pair to the figure but wasn’t strong enough to resist offers. The German Unemployment change came in as -7k vrs -4k consensuses and -13k previous. Up next we have EZ CPI at 9GMT while USD/JPY awaits US data in the afternoon and FOMC taking the spot light.
EUR/JPY levels
EUR/JPY remains vulnerable above the cloud support at 129.38/128.40. Failure here could open up to target the 124.94 June low. Levels come with the 20 d ma at 130.48, 50 d ma at 129.73 and 200 d ma at 121.47 with RSI (9) reading 44.42. Supports are from 125.00 Fib, 126.47 16th April Low. Near terms are from 128.21,128.65, 128.91, 129.42, and spot 129.89. Resistances are 130.56 130.69 130.95, 131.17 2nd July high, 131.45 and 132.75 14th May highs. May high was 133.82.