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EUR/JPY reaches 2-day high

FXstreet.com (Córdoba) - The EUR/JPY managed to erase intraday losses during the American session as the euro is resisting better than the yen before the USD stampede, with EUR/USD holding above 1.2800 and USD/JPY breaking 103.00.

EUR/JPY found support and bounced from the 10-day SMA around 131.25 at the beginning of the NY session, and rose over 100 pips to a fresh 2-day high at the 132.30 zone. At time of writing, EUR/JPY is trading around 132.20, recording a 0.4% gain on Friday.

In terms of technical levels, above 132.30, next resistances could be found at 132.45 (high May 15) and 132.76 (2013 high). On the other hand supports are seen at 131.25 (daily low/10-day SMA) and 131.10 (high Apr 10).

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