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17 Feb 2014
EUR/JPY remains sideways, below 139.70
FXStreet (Córdoba) - The EUR/JPY opened Monday with bearish momentum and after the release of Japan’s GDP fell to 138.94 hitting the lowest price since last Thursday. The Yen started the week with strength across the board.
At the moment of writing the EUR/JPY is trying to hold above 139.00 as the Nikkei 225 falls 0.50%.
Levels to watch for the EUR/JPY
To the upside immediate resistance lies at 139.70 (European session high) and above at 140.30 (February 11 high). It the price reaches levels on top of 140.30, it would be trading at the highest price in two weeks.
The EUR/JPY remians moving sideways, with immediate support at 138.90; below momentum could favor further declines. Next support levels lie at 138.15 and then 137.40.
At the moment of writing the EUR/JPY is trying to hold above 139.00 as the Nikkei 225 falls 0.50%.
Levels to watch for the EUR/JPY
To the upside immediate resistance lies at 139.70 (European session high) and above at 140.30 (February 11 high). It the price reaches levels on top of 140.30, it would be trading at the highest price in two weeks.
The EUR/JPY remians moving sideways, with immediate support at 138.90; below momentum could favor further declines. Next support levels lie at 138.15 and then 137.40.