Forex: EUR/JPY back above 97.00
Forex pairs in this Article »
EUR/JPY
FXstreet.com (Córdoba) - The euro managed to pare losses versus the yen after bottoming at the 96.65/70 area during the European session, having recovered over 40 pips ever since and climbed back above the 97.00 mark into the NY opening.
EURJPY rose to a session high of 97.14 where the 20-hour SMA is offering resistance to the cross so far. Currently, the euro-yen is trading around 97.10, still 0.3% below its opening price.
As for technical levels, on the upside resistances are seen at 97.15 (20-hour SMA), 97.40 (Aug 3 high) and 97.80 (intraday high). On the downside, supports could be found at 96.65/70 (intraday lows), 96.30 (20-day SMA) and 96.10 (200-hour SMA).
EURJPY rose to a session high of 97.14 where the 20-hour SMA is offering resistance to the cross so far. Currently, the euro-yen is trading around 97.10, still 0.3% below its opening price.
As for technical levels, on the upside resistances are seen at 97.15 (20-hour SMA), 97.40 (Aug 3 high) and 97.80 (intraday high). On the downside, supports could be found at 96.65/70 (intraday lows), 96.30 (20-day SMA) and 96.10 (200-hour SMA).
Free Annual Reports
