30 Aug 2013
EUR/JPY bounces off 10-day low
FXstreet.com (Córdoba) - The EUR/JPY extended losses during the American session and bottomed out at 129.29, roughly at the same level it did it 10 days ago.
However, the 129.30/40 zone seems to be a tough support level from where the EUR/JPY has bounced three times during August. At time of writing, EUR/JPY is trading around 129.70, still down 0.4% on the day and 0.3% this month.
EUR/JPY technical levels
As for technical levels, immediate supports are seen at 129.29 (daily low/Aug 20 low) and 129.00 (psychological level), while resistances could be found 130.15 (intraday level) and 130.50 (Aug 29 high).
However, the 129.30/40 zone seems to be a tough support level from where the EUR/JPY has bounced three times during August. At time of writing, EUR/JPY is trading around 129.70, still down 0.4% on the day and 0.3% this month.
EUR/JPY technical levels
As for technical levels, immediate supports are seen at 129.29 (daily low/Aug 20 low) and 129.00 (psychological level), while resistances could be found 130.15 (intraday level) and 130.50 (Aug 29 high).