OctaFX | OctaFX Forex Broker
Open trading account

EUR/JPY struggles at 100 SMA

FXStreet (Guatemala) - EUR/JPY is trading at 138.86, down -0.03% on the day, having posted a daily high at 139.01 and low at 138.86.

EUR/JPY is struggling around the 139 handle and 100 SMA with market weighing on the yen still following suit of action overnight in the US despite stock sliding and overall bearishness around the forthcoming ECB meeting and euro. Valeria Bednarik, chief analyst at FXStreet noted and explained, “In the 4 hours chart indicators stand steady below their midlines giving not much clues on upcoming direction. The 38.2% retracement of the same rally is the level to watch as a break above 139.15 should favor a steadier recovery up to 140.00 price zone”.

EUR/JPY levels

Support levels: 138.40 137.90 137.35

Resistance levels: 139.15 139.60 140.00

RBNZ has some bite behind its bark - BNZ

BNZ year-end target is now 0.78 (prev. 0.80), with the end-2015 target unchanged at 0.73.
Read more Previous

DXY: Persistent trending bias intact - JPMorgan

The overall bullish backdrop for the broad USD picture continues to play out, notes Niall O'Connor, FX Strategist at JP Morgan.
Read more Next
Start livechat