20 Jan 2015
EUR/JPY trims gains before ZEW Survey
FXStreet (Mumbai) - The common currency edges higher against the Japanese yen, erasing partial gains from previous session after Germany’s factory prices decelerated for yet another month in December.
Currently, the EUR/JPY pair traded at 136.68 levels, up 0.17% on the day, moving away from day’s high of 137.26 reached in the previous session. The cross in EUR/JPY slipped as the Euro edged lower versus the US dollar ahead of the ZEW Economic Sentiment numbers. Moreover, the gains in the cross were also trimmed as the yen reversed partial losses against the greenback.
USD/JPY trades at 118.05, up 0.40% on the day, while EUR/USD trades at 1.1574 down -0.22%, at time of writing.
EUR/JPY Levels to consider
To the upside, the next resistance is located at 137.26 (Today’s High) and above which it could extend gains to at 138 levels. To the downside immediate support might be located at 136 levels below that at 135.70 levels.
Currently, the EUR/JPY pair traded at 136.68 levels, up 0.17% on the day, moving away from day’s high of 137.26 reached in the previous session. The cross in EUR/JPY slipped as the Euro edged lower versus the US dollar ahead of the ZEW Economic Sentiment numbers. Moreover, the gains in the cross were also trimmed as the yen reversed partial losses against the greenback.
USD/JPY trades at 118.05, up 0.40% on the day, while EUR/USD trades at 1.1574 down -0.22%, at time of writing.
EUR/JPY Levels to consider
To the upside, the next resistance is located at 137.26 (Today’s High) and above which it could extend gains to at 138 levels. To the downside immediate support might be located at 136 levels below that at 135.70 levels.