7 Aug 2015
EUR/JPY muted around 136.25, awaits US data
FXStreet (Mumbai) - The cross in the EUR/JPY trades muted in the European morning, although recovered from session lows reached following the release of disappointing German macro data.
EUR/JPY rises from 136.15
Currently, the EUR/JPY pair trades almost unchanged at 136.29, inching gradually towards 136.50 – key levels. The EUR/JPY cross trades choppy, swinging between gains and losses during the European hours, as markets remain cautious from creating fresh positions ahead of the key US employment data to be released later today.
Moreover, the euro trades lacklustre, shrugging off dismal German industrial production and trade balance data published in early trades. While the yen received no impetus from the BOJ decision and its press conference, thus USD/JPY keeping range near 124.80 levels.
Register to the live coverage and trade the NonFarm Payrolls with Bednarik, Pinkert and Elam. We are Forex!
EUR/JPY Technical Levels
To the upside, the next resistance is located at 136.51 (Aug 6 High) levels and above which it could extend gains 136.99 (July 28 High) levels. To the downside immediate support might be located at 135.49 (July 30 Low) below that at 135.24 (July 14 Low) levels.
EUR/JPY rises from 136.15
Currently, the EUR/JPY pair trades almost unchanged at 136.29, inching gradually towards 136.50 – key levels. The EUR/JPY cross trades choppy, swinging between gains and losses during the European hours, as markets remain cautious from creating fresh positions ahead of the key US employment data to be released later today.
Moreover, the euro trades lacklustre, shrugging off dismal German industrial production and trade balance data published in early trades. While the yen received no impetus from the BOJ decision and its press conference, thus USD/JPY keeping range near 124.80 levels.
Register to the live coverage and trade the NonFarm Payrolls with Bednarik, Pinkert and Elam. We are Forex!
EUR/JPY Technical Levels
To the upside, the next resistance is located at 136.51 (Aug 6 High) levels and above which it could extend gains 136.99 (July 28 High) levels. To the downside immediate support might be located at 135.49 (July 30 Low) below that at 135.24 (July 14 Low) levels.