3 Sep 2013
EUR/JPY bounces at 130.70 and returns to positive on the day
FXstreet.com (San Francisco) - After being rejected by the 131.40 area and falling back to intra-day lows around 130.65, the EUR/JPY bounced at those levels to recover the 131.00 area and to post gains in the day again.
Currently, the EUR/JPY is trading at 131.15, 0.1% positive on the day. The short term perspective is slightly bullish according to the FXstreet.com trend index in the 15-minute chart. Indicators such as CCI and Momentum are pointing to the north while the MACD is neutral and the Stochastic is bearish.
EUR/JPY key levels
Above the 131.00 area, the Euro would face resistances against the Japanese Yen at 131.35, 131.50 and 131.60. On the downside, the EUR/JPY has supports at 130.65, 130.50 and 130.30.
Currently, the EUR/JPY is trading at 131.15, 0.1% positive on the day. The short term perspective is slightly bullish according to the FXstreet.com trend index in the 15-minute chart. Indicators such as CCI and Momentum are pointing to the north while the MACD is neutral and the Stochastic is bearish.
EUR/JPY key levels
Above the 131.00 area, the Euro would face resistances against the Japanese Yen at 131.35, 131.50 and 131.60. On the downside, the EUR/JPY has supports at 130.65, 130.50 and 130.30.