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EUR/JPY falls to 3-week lows

FXStreet (Córdoba) - EUR/JPY fell further below the 138.00 level and hit fresh 3-week lows during the American session as the yen strengthens across the board amid some profit taking.

EUR/JPY is falling for a second day in a row, extending its pullback from above 141.00 to a low of 137.68 in recent dealings. At time of writing, the pair is trading at 137.80, recording a 0.47% decline on the day.

EUR/JPY technical levels


as for technical levels, EUR/JPY could find immediate supports at 137.68 (Oct 1 low), 137.33 (Sept 10 low) and 137.00 (psychological level). On the other hand, resistances are seen at 138.50 (20-day SMA), 138.78 (Oct 1 high) and 139.00 (psychological level).

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