Forex: EUR/JPY rises above 127.00
Forex pairs in this Article »
EUR/JPY
FXstreet.com (Córdoba) - The euro managed to resume its upward path after yesterday's sell-off, and reached a marginal new high against the yen during the American afternoon.
EURJPY climbed over 300 pips from lows, and following a consolidation phase below the psychological level, it managed to pierce it to hit a high of 127.17, last seen April 2010. EURJPY is currently trading at the 127.10 zone, recording a 1.8% daily gain.
As for technical levels, once above 127.20, next resistances are seen at 127.50 and 127.90, while supports could be found at 126.40, 126.00 and 125.60.
EURJPY climbed over 300 pips from lows, and following a consolidation phase below the psychological level, it managed to pierce it to hit a high of 127.17, last seen April 2010. EURJPY is currently trading at the 127.10 zone, recording a 1.8% daily gain.
As for technical levels, once above 127.20, next resistances are seen at 127.50 and 127.90, while supports could be found at 126.40, 126.00 and 125.60.
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