11 Jul 2014
EUR/JPY consolidating below 138.00
FXStreet (Córdoba) - The EUR/JPY remains stable on Friday, hovering around 137.75 , slightly lower for the day. During the European session the pair peaked at 138.02, but failed to hold above 138.00 and pulled back.
In the short term the pair is moving sideways with immediate support at 137.65 and resistance below 138.00. On a wider view, there is a slightly bearish bias. Price action remains near an important resistance located at 137.50 (July 10 low).
EUR/JPY worst week since June
The EUR/JPY is steady on Friday, but is consolidating weekly losses, trading almost a hundred pips below the price it had a week ago. If it ends below 137.70 it would post the lowest weekly close since November 2013.
In the short term the pair is moving sideways with immediate support at 137.65 and resistance below 138.00. On a wider view, there is a slightly bearish bias. Price action remains near an important resistance located at 137.50 (July 10 low).
EUR/JPY worst week since June
The EUR/JPY is steady on Friday, but is consolidating weekly losses, trading almost a hundred pips below the price it had a week ago. If it ends below 137.70 it would post the lowest weekly close since November 2013.