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EURJ/JPY falls to test range to the downside at 139.75

FXStreet (San Francisco) - The EUR/JPY is currently testing the lower part of the 139.70/140.20 range as the pair declined 50 pips in the last hour amid weaker than expected European consumer confidence and Draghi's words that the Eurozone recovery is losing momentum.

Currently, EUR/JPY is trading at 139.75, down 0.08% on the day, having posted a daily high at 140.23 and low at 139.75. The hourly FXStreet OB/OS Index is showing neutral conditions, alongside the FXStreet Trend Index which is neutral.

EUR/JPY levels

If the EUR/JPY breaks below the 139.70, it will face next supports are at 139.15 and 139.00. On the upside, resistances are at 140.20, 140.60 and 141.20.

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