30 Aug 2013
EUR/JPY recovery capped by 130.15
FXstreet.com (Córdoba) - The EUR/JPY managed to bounce and regained the 130.00 mark after dropping to a 10-day low during the European session.
EUR/JPY broke below 130.00 and fell to a low of 129.59 despite positive Eurozone data. However, EUR/JPY found support and recovered ground, climbing back above 130.00. Having been capped by the 130.15 zone, the cross is trading at 130.05, virtually unchanged on the day.
EUR/JPY technical levels
As for technical levels, immediate supports are seen at 129.59 (daily low) and 129.30 (Aug 20 low), while resistances could be found 130.15 (intraday level) and 130.50 (Aug 29 high).
EUR/JPY broke below 130.00 and fell to a low of 129.59 despite positive Eurozone data. However, EUR/JPY found support and recovered ground, climbing back above 130.00. Having been capped by the 130.15 zone, the cross is trading at 130.05, virtually unchanged on the day.
EUR/JPY technical levels
As for technical levels, immediate supports are seen at 129.59 (daily low) and 129.30 (Aug 20 low), while resistances could be found 130.15 (intraday level) and 130.50 (Aug 29 high).