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30 Jun 2014
EUR/JPY resumes uptrend and tests 138.70 again
FXStreet (San Francisco) - The EUR/JPY rallied 40 pips earlier in the day from 138.30 to peak at 138.70 where the pair found selling interest. Then it was trading in consolidation mode around 138.60 for few hours but now it seems ready to resume its uptrend.
Currently, EUR/JPY is trading at 138.69, up 0.19% on the day, having posted a daily high at 138.77 and low at 138.11. The hourly FXStreet OB/OS Index is showing overbought conditions, alongside the FXStreet Trend Index which is slightly bullish.
EUR/JPY level
If the pair manages to break above 138.70, the EUR/JPY would face resistances around 138.80, 138.90 and 139.00. On the downside, supports are at 1.3845, 138.30 and 138.00.
Currently, EUR/JPY is trading at 138.69, up 0.19% on the day, having posted a daily high at 138.77 and low at 138.11. The hourly FXStreet OB/OS Index is showing overbought conditions, alongside the FXStreet Trend Index which is slightly bullish.
EUR/JPY level
If the pair manages to break above 138.70, the EUR/JPY would face resistances around 138.80, 138.90 and 139.00. On the downside, supports are at 1.3845, 138.30 and 138.00.