19 Feb 2015
EUR/JPY: hits a session high above 23.6% Fib level
FXStreet (Mumbai) - The EUR/JPY pair hit a high of 135.83, after having taken out the 23.6% retracement level of the up move (133.92-136.91) located at 135.67 levels.
Earlier today, the pair managed to sustain above the hourly 100-MA located at 135.34, which also happens to be the 38.2% retracement level. The EUR continues to strengthen as the Greece-led uncertainty continues to fade away. The shared currency hit a fresh daily high of USD 1.4449, while the Japanese Yen is marginally up at 118.75 per US dollar. Consequently, the EUR/JPY cross was pushed higher to 135.83 levels.
EUR/JPY Technical Levels
The pair has an immediate support located at 135.91 and 136.21 levels. On the other hand, immediate support is seen at 135.67 and 135.34 levels.
Earlier today, the pair managed to sustain above the hourly 100-MA located at 135.34, which also happens to be the 38.2% retracement level. The EUR continues to strengthen as the Greece-led uncertainty continues to fade away. The shared currency hit a fresh daily high of USD 1.4449, while the Japanese Yen is marginally up at 118.75 per US dollar. Consequently, the EUR/JPY cross was pushed higher to 135.83 levels.
EUR/JPY Technical Levels
The pair has an immediate support located at 135.91 and 136.21 levels. On the other hand, immediate support is seen at 135.67 and 135.34 levels.