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EUR/JPY threatens to leave the 136 handle

FXStreet (Barcelona) - EUR/JPY is trading at 136.07, up 0.09% on the day, having posted a daily high at 136.33 and low at 135.54.

EUR/JPY is currently contained at the start of this week trading in a narrow range having sold off last week. Karen jones, chief analyst at Commerzbank suggested a close below 135.73 would trigger losses towards the 133.51/23.6% retracement of the move up from 2012.”Very near term we would allow for a bounce from this vicinity. Near term rallies need to regain the 200 day ma at 139.39 in order to reassert upside pressure at this point and this is not favoured”.

EUR/JPY hourly levels

Spot is presently trading at 136.07, and next resistance can be seen at 136.10 (YTD Low), 136.13 (Hourly 20 EMA), 136.29 (Daily Classic PP), 136.33 (Daily High) and 136.58 (Weekly Classic PP). Support below can be found at 135.95 (Monthly Low and Weekly Low), 135.84 and 135.54.

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