18 Sep 2013
EUR/JPY oscillates around 132.00
FXstreet.com (Córdoba) - Despite the consolidative tone prevailing in financial markets, the Yen has managed to secure gains versus its major competitors, dragging EUR/JPY below the 132.00 mark Wednesday.
However, the EUR/JPY managed to find buyers at the 131.85 zone and bounced, although with the recovery capped by the 100-hour SMA, the cross was confined to a phase of consolidation. At time of writing, EUR/JPY is trading around 132.00, where it records a 0.3% loss on the day (following 2 days of gains).
EUR/JPY supports and resistances
As for technical levels, next supports could be found at 131.85 (daily low) and 131.60 (Sep 16 low), while on the other hand resistances line up at 132.25 (100-hour SMA) and 132.60 (daily high).
However, the EUR/JPY managed to find buyers at the 131.85 zone and bounced, although with the recovery capped by the 100-hour SMA, the cross was confined to a phase of consolidation. At time of writing, EUR/JPY is trading around 132.00, where it records a 0.3% loss on the day (following 2 days of gains).
EUR/JPY supports and resistances
As for technical levels, next supports could be found at 131.85 (daily low) and 131.60 (Sep 16 low), while on the other hand resistances line up at 132.25 (100-hour SMA) and 132.60 (daily high).