27 Oct 2013
EUR/JPY aims to retest 135 zone
FXstreet.com (Chicago) - EUR/JPYreached 135.05 session highs at opening with runaway gap indicating strong buying.
It’s a light data day for the Euro-zone today and today’s Asian session as Japanese facts due won’t be released until later tonight.
EUR/JPY Technical Levels
Technically speaking, the pair extends the bullish channel and respects the upward trendline that started last August 8th. With a weaker yen across the board, the pair prints weekly highs around the 135 zone. Offered at 134.83, the pair navigates between the supports aligned at 134.51 (October 25th highs), 134.18 (October 17th highs) ahead of 133.88 (October 25th lows) and the resistances set at 135 (session highs), 135.26 (October 23rd highs) followed by 135.50 (October 22nd highs). According to the FXstreet.com trend index, the pair is slightly bullish on one-hour timeframe analysis and flows above the EMA20.
It’s a light data day for the Euro-zone today and today’s Asian session as Japanese facts due won’t be released until later tonight.
EUR/JPY Technical Levels
Technically speaking, the pair extends the bullish channel and respects the upward trendline that started last August 8th. With a weaker yen across the board, the pair prints weekly highs around the 135 zone. Offered at 134.83, the pair navigates between the supports aligned at 134.51 (October 25th highs), 134.18 (October 17th highs) ahead of 133.88 (October 25th lows) and the resistances set at 135 (session highs), 135.26 (October 23rd highs) followed by 135.50 (October 22nd highs). According to the FXstreet.com trend index, the pair is slightly bullish on one-hour timeframe analysis and flows above the EMA20.