EUR/JPY unable to break 139.00

FXStreet (Córdoba) - The EUR/JPY is rising modestly again, headed toward the sixth daily gain in a row. Earlier rose to 138.89, one pip above yesterday’s highs but lost momentum and pulled back. The retreated from levels near 139.00 found support at 138.50.

At the moment, trades at 138.76, a marginal gain of 0.03% for the day and 60 pips above the price it had a week ago.

EUR/JPY levels to watch

The bullish bias continues to face a strong resistance around 138.90 - 139.00; above here the next lies at 139.35 and 139.50. To the downside, immediate support could be located at 138.50 (daily low) and then 138.10 followed by 137.70 (June 16 low).