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1 Jul 2014
EUR/JPY fights to hold above 138.90
FXStreet (San Francisco) - Earlier in the day, the EUR/JPY rose from 138.75 to break above the 138.90 key level and to reach fresh 3-week highs around 139.10.
The EUR/JPY found selling interest at 139.10 and the pair was launched back to 138.85 where the pair is fighting to hold above the 138.90.
Currently, EUR/JPY is trading at 138.93, up 0.12% on the day, having posted a daily high at 139.16 and low at 138.68. The FXStreet OB/OS Index is reflecting neutral hourly conditions, while the FXStreet Trend Index is also neutral.
EURJPY levels
As for technical levels, supports could be found at 138.90 (June 24 and 25 highs), 138.09 (Jun 30 low) and 138.00 (psychological level). On the other hand, next resistances for EUR/JPY are seen at 139.13 (200-day SMA), 139.40 (Jun 10 high) and 139.60 (50-day SMA).
The EUR/JPY found selling interest at 139.10 and the pair was launched back to 138.85 where the pair is fighting to hold above the 138.90.
Currently, EUR/JPY is trading at 138.93, up 0.12% on the day, having posted a daily high at 139.16 and low at 138.68. The FXStreet OB/OS Index is reflecting neutral hourly conditions, while the FXStreet Trend Index is also neutral.
EURJPY levels
As for technical levels, supports could be found at 138.90 (June 24 and 25 highs), 138.09 (Jun 30 low) and 138.00 (psychological level). On the other hand, next resistances for EUR/JPY are seen at 139.13 (200-day SMA), 139.40 (Jun 10 high) and 139.60 (50-day SMA).