1 Jul 2015
EUR/JPY back to 136.30, Greek referendum still on
FXStreet (Córdoba) - EUR/JPY climbed to 137.40 earlier amid reports suggesting that Greece would accept the terms for a new bailout but then pulled back toward the 136.00 handle. The pair dropped to 136.15 and remains near American session lows after Tsipras addressed the nation on live TV.
Greek novel goes on
The Greek Prime Minister confirmed the referendum for Sunday and said that a “no” vote is necessary step for a better deal and it does not represent a rapture with Europe.
Optimism about a deal before Sunday vanished with Tsipras speech and stocks pulled back increasing the demand for the yen. EUR/JPY managed to hold above daily lows as the Euro strengthened in the market. EUR/USD managed to move off session lows and climbed back above 1.1100; on the other direction, USD/JPY dropped back under 123.00.
EUR/JPY technical levels
To the upside, resistance could be located at 136.85, 137.40 (daily high) and 137.80. On the flip side, support might lie at 136.15 (American session low), 135.85 (June 29 low) and 135.15.
Greek novel goes on
The Greek Prime Minister confirmed the referendum for Sunday and said that a “no” vote is necessary step for a better deal and it does not represent a rapture with Europe.
Optimism about a deal before Sunday vanished with Tsipras speech and stocks pulled back increasing the demand for the yen. EUR/JPY managed to hold above daily lows as the Euro strengthened in the market. EUR/USD managed to move off session lows and climbed back above 1.1100; on the other direction, USD/JPY dropped back under 123.00.
EUR/JPY technical levels
To the upside, resistance could be located at 136.85, 137.40 (daily high) and 137.80. On the flip side, support might lie at 136.15 (American session low), 135.85 (June 29 low) and 135.15.