28 Apr 2015
EUR/JPY extends gains above 130.00
FXStreet (Córdoba) - EUR/JPY extended gains into a second day on Tuesday and climbed to a fresh 3-week high during the American session, tracking EUR/USD gains.
EUR/JPY broke above 130.00 and advanced toward its highest level since Apr 7 at 130.66 in recent dealings. At time of writing, the pair is trading at the 130.50 area, still up 0.67% on the day.
The euro has benefited from optimism that Greece is closer to a deal with creditors over the coming days after Prime Minister Alexis Tsipras sidelined Yanis Varoufakis in the negotiations team.
EUR/JPY technical levels
As for technical levels, EUR/JPY could find immediate resistances at 130.66 (daily high) and 131.00/03 (psychological level/Apr 7 high). Meanwhile, supports are seen at 129.35 (daily low) and 128.86 (21-day SMA).
EUR/JPY broke above 130.00 and advanced toward its highest level since Apr 7 at 130.66 in recent dealings. At time of writing, the pair is trading at the 130.50 area, still up 0.67% on the day.
The euro has benefited from optimism that Greece is closer to a deal with creditors over the coming days after Prime Minister Alexis Tsipras sidelined Yanis Varoufakis in the negotiations team.
EUR/JPY technical levels
As for technical levels, EUR/JPY could find immediate resistances at 130.66 (daily high) and 131.00/03 (psychological level/Apr 7 high). Meanwhile, supports are seen at 129.35 (daily low) and 128.86 (21-day SMA).