Forex: EUR/JPY sideways at 113.45/80
Forex pairs in this Article »
EUR/JPY
FXstreet.com (Barcelona) - The EURJPY has been mostly ranging throughout the day, but with a tone to the downside. With resistance at 113.80 area, the EURJPY moves sideways and holds on to 113.45/50.
H2 2012 saw an impressive bounce from its low at 94.11, as the cross climbed the chart to reach 114.70 high, adding more than 1000 pips. Japan in on bank holiday and Europe has left the economic calendar empty, with exception for the Greek Retail Sales indicator.
UBS analysts are bullish on the pair: "Any downside appears to be limited in time and extent", wrote analyst Gareth Berry, pointing to major support at 112.18, with resistance at 115.02.
H2 2012 saw an impressive bounce from its low at 94.11, as the cross climbed the chart to reach 114.70 high, adding more than 1000 pips. Japan in on bank holiday and Europe has left the economic calendar empty, with exception for the Greek Retail Sales indicator.
UBS analysts are bullish on the pair: "Any downside appears to be limited in time and extent", wrote analyst Gareth Berry, pointing to major support at 112.18, with resistance at 115.02.
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