Back
23 Feb 2015
EUR/JPY: Pressures weigh in at the 136 handle
FXStreet (Guatemala) - EUR/JPY is currently trading at 134.81 with a high of 135.83 and a low of 134.44.
EUR/JPY has been constructive on the upside, but struggles at 134.40 on support and 136 is an area with decent offers and on attempts on the handle is met with supply. so neutral is theme while the Greece developments remain in the positive camp, although the broader picture is still bearish below 140.00.
To the downside, the key levels in EUR/JPY support lie at 132.40/00 then 130.16/00 the 15th Jan recent low. Karen Jones, chief analyst at Commerzbank explained that on a slightly longer term frame, they continue to look for losses to 128.52/34, the 200 month moving average and 38.2% retracement of the move up from 2012.
EUR/JPY has been constructive on the upside, but struggles at 134.40 on support and 136 is an area with decent offers and on attempts on the handle is met with supply. so neutral is theme while the Greece developments remain in the positive camp, although the broader picture is still bearish below 140.00.
To the downside, the key levels in EUR/JPY support lie at 132.40/00 then 130.16/00 the 15th Jan recent low. Karen Jones, chief analyst at Commerzbank explained that on a slightly longer term frame, they continue to look for losses to 128.52/34, the 200 month moving average and 38.2% retracement of the move up from 2012.