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EUR/JPY upside not sustained, back to the opening level

FXStreet (Moscow) - EUR/JPY  failed to settle above 136.50 resistance and returned to the current level of 136.35; the pair is sensitive to EUR weakness against USD

EUR/JPY broke above 136.00 pivot on Monday. The cross movements were dominated by EUR upside correction across the boars. Later during the day we have a lot of macroeconomics reports from EZ, including industrial production and German ZEW economic sentiment in October. Analysts expect the figure to drop from 6.9 in September to 1.0 in October which may only add to near term risks in Eurozone. From the technical point of view the nearest support is seen at 136.15. It is followed by 136.00. The resistance comes at 136.50

What are today’s key EUR/JPY levels?

Today's central pivot point can be found at 136.05, with support below at 135.76, 135.26 and 134.97, with resistance above at 136.57, 137.84, and 138.35. Hourly Moving Averages are bearish with the 200SMA bearish at 137.04 and the daily 20EMA bearish at 137.62. Hourly RSI is bullish at 53.

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