Back
22 May 2015
EUR/JPY rises to fresh session high
FXStreet (Mumbai) - The shared currency witnessed another wave of buying, taking the EUR/JPY pair to a high of 134.95 after the upbeat German IFO readings hit the wires.
EUR/JPY – stuck at hourly 100-MA
The pair now trades at its hourly 100-MA located at 134.90. The German IFO current assessment and business climate bettered expectations to print at 114.3 and 108.5 respectively. Meanwhile, the expectations index was slightly lower at 103.00. However, the overall IFO data was optimistic enough to push the pair to a fresh session high.
EUR/JPY Technical Levels
The immediate resistance is seen at 135.17 (hourly 200-MA), above which gains could be extended to 135.75. On the flip side, a break below 134.42 could drive the pair lower to 133.90.
EUR/JPY – stuck at hourly 100-MA
The pair now trades at its hourly 100-MA located at 134.90. The German IFO current assessment and business climate bettered expectations to print at 114.3 and 108.5 respectively. Meanwhile, the expectations index was slightly lower at 103.00. However, the overall IFO data was optimistic enough to push the pair to a fresh session high.
EUR/JPY Technical Levels
The immediate resistance is seen at 135.17 (hourly 200-MA), above which gains could be extended to 135.75. On the flip side, a break below 134.42 could drive the pair lower to 133.90.