2 Feb 2015
EUR/JPY back onto 133 handle trading within key levels
FXStreet (Guatemala) - EUR/JPY is currently trading at 133.03 with a high of 133.19 and a low of 132.13 and up 0.28%.
EUR/JPY has managed a bid onto the 133 handle, reaching up to the 133.20 resistance and away from the lows, up over a cent from the opening bearish gap. The market is looking like risk off at the start of the week with plenty of risk events ahead against a gloomy global backdrop, including the Nonfarm Payrolls at the end of the week. However, ahead for the euro, we have Markit Manufacturing PMI (Jan) for Germany and the EZ and German Industrial Production n.s.a. w.d.a. (YoY) (Dec) at the end of the week.
Technically the upside was capped by its near term resistance line at 134.00 and Fib resistance at 134.80 ahead of major levels at the 200 day ma, 139.88. To the downside, 128.52/34 stands as the 200 month ma being the 38.2% retracement of the rally from 2012.
EUR/JPY has managed a bid onto the 133 handle, reaching up to the 133.20 resistance and away from the lows, up over a cent from the opening bearish gap. The market is looking like risk off at the start of the week with plenty of risk events ahead against a gloomy global backdrop, including the Nonfarm Payrolls at the end of the week. However, ahead for the euro, we have Markit Manufacturing PMI (Jan) for Germany and the EZ and German Industrial Production n.s.a. w.d.a. (YoY) (Dec) at the end of the week.
Technically the upside was capped by its near term resistance line at 134.00 and Fib resistance at 134.80 ahead of major levels at the 200 day ma, 139.88. To the downside, 128.52/34 stands as the 200 month ma being the 38.2% retracement of the rally from 2012.