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EUR/JPY testing critical resistance

FXStreet (Guatemala) - EUR/JPY is trading at 136.42, up 0.11% on the day, having posted a daily high at 136.49 and low at 136.15.

There has been a flurry of recent activity across the yen crosses and EUR/JPY is following suit by continuing on its ascent from the lows of this week. Critical resistance is at this level as only above it the pair will be able to continue advancing, approaching then 137.00 price zone, as Valeria Bednarik, chief analyst at FXStreet highlighted.

EUR/JPY noteworthy levels

With spot trading at 136.42, we can see next resistance ahead at 136.49 (Daily High), 136.55 (Daily Classic R1), 136.58 (Weekly Classic PP), 136.77 (Hourly 100 SMA) and 136.84 (Daily Classic R2). Support below can be found at 136.34, 136.24 (Daily Open), 136.17 (Hourly 20 EMA), 136.15 and 136.05 (Daily Classic PP).

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