EUR/JPY extends gains above 137.50

FXStreet (San Francisco) - The EUR/JPY is trading at its highest level since Oct. 9 around 137.70 after an upward movement of 80 pips from 136.90 operated overnight. The EUR/JPY is posting gains for the third day in the last four and is extending the recovery from the October 23 lows at 135.20.

Currently, EUR/JPY is trading at 137.67, up 0.54% on the day, having posted a daily high at 137.70 and low at 136.85. The FXStreet OB/OS Index is reflecting overbought hourly conditions, while the FXStreet Trend Index is slightly bullish.

EUR/JPY levels

If the pair extends gains above October 9's highs at 137.75, it will find next resistances at Oct. 8 high at 137.90 and then 138.00. To the downside, supports are at 137.40, 137.00 and 136.60.