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EUR/JPY reaches fresh post-ECB highs

FXStreet (Córdoba) - EUR/JPY is rising for a third day in a row Wednesday, extending a recovery from 1-month lows scored last week following European Central Bank latest easing measures.

EUR/JPY however, has been in recovery mode this week, having climbed nearly 200 pips over the last days as USD/JPY pushes to fresh 6-years highs. EUR/JPY regained the 137 mark yesterday’s American session and it has continued to advance to a fresh post-ECB high of 137.76 in recent dealings.

EUR/JPY levels to watch

At time of writing, EUR/JPY is trading at 137.70, recording a 0.25% gain on the day. As for technical levels, the pair could find immediate resistances at 138.00 (Sept 4 high/psychological level), 138.07 (23.6% Fibo of 145.69-135.72 and 138.27 (Sept 3 high). On the other hand, supports are seen at 137.30 (intraday low/50-day SMA) and 137.12 (21-day SMA).

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