12 Aug 2015
EUR/JPY up 250 pips since Monday
FXStreet (Córdoba) - EUR/JPY rose for the third day in a row on Wednesday extending weekly gains on the back of a stronger euro across the board.
EUR/JPY at 1-month highs
The pair rose today even as USD/JPY corrected to the downside falling more than a hundred pips. The relative strength of the Yen against the US dollar did not affect EUR/JPY, that is about to post the highest close since June 23.
During the Asian session it opened at 138.10, dropped to 138.00 and rebounded. On American hours peaked at 138.85 and near the end of the session it was trading at 138.60/65, up 0.40% for the day.
EUR/JPY levels to watch
The pair yesterday ended slightly above 138.00 and today is consolidating on top of that key area. The next resistance zone could be located at 139.20 and 139.70, ahead of 140.00. On the opposite direction, support might lie at 138.00, 137.70 and 137.10.
EUR/JPY at 1-month highs
The pair rose today even as USD/JPY corrected to the downside falling more than a hundred pips. The relative strength of the Yen against the US dollar did not affect EUR/JPY, that is about to post the highest close since June 23.
During the Asian session it opened at 138.10, dropped to 138.00 and rebounded. On American hours peaked at 138.85 and near the end of the session it was trading at 138.60/65, up 0.40% for the day.
EUR/JPY levels to watch
The pair yesterday ended slightly above 138.00 and today is consolidating on top of that key area. The next resistance zone could be located at 139.20 and 139.70, ahead of 140.00. On the opposite direction, support might lie at 138.00, 137.70 and 137.10.