13 Feb 2015
EUR/JPY stuck at 135.60
FXStreet (Mumbai) - EUR/JPY inches lower, extending its losses from the previous session largely on a strengthening yen across the board.
Supported above 5-DMA
Currently, the EUR/JPY pair traded at 135.59 levels, down -0.17% on the day, having previously posted day’s high at 135.74 and day’s low at 135.49. The EUR/JPY extended losses as the yen continues its upward trajectory versus the US dollar as the weaker than expectations US economic data continue to weigh on the greenback. On the other hand, the shared currency remained almost unchanged awaiting cues from a series of macro data across the Euro economies later in the day.
At the moment, USD/JPY trades -0.13% lower at 118.95, while EUR/USD traded flat at 1.1398 levels.
EUR/JPY Levels to consider
To the upside, the next resistance is located at 136.30 and above which it could extend gains to at 137 levels. To the downside immediate support might be located at 135.50 (5-DMA) levels below that at 134.97 (10-DMA) levels.
Supported above 5-DMA
Currently, the EUR/JPY pair traded at 135.59 levels, down -0.17% on the day, having previously posted day’s high at 135.74 and day’s low at 135.49. The EUR/JPY extended losses as the yen continues its upward trajectory versus the US dollar as the weaker than expectations US economic data continue to weigh on the greenback. On the other hand, the shared currency remained almost unchanged awaiting cues from a series of macro data across the Euro economies later in the day.
At the moment, USD/JPY trades -0.13% lower at 118.95, while EUR/USD traded flat at 1.1398 levels.
EUR/JPY Levels to consider
To the upside, the next resistance is located at 136.30 and above which it could extend gains to at 137 levels. To the downside immediate support might be located at 135.50 (5-DMA) levels below that at 134.97 (10-DMA) levels.