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EUR/JPY recovers from 2014 low

FXStreet (Córdoba) - EUR/JPY managed to recover a full cent over the last hours as profit taking lifted the pair after hitting a fresh 2014 low during the European trade.

EUR/JPY fell sharply and scored a low of 134.13, last seen November 20 2013, as falling equities weighed on risky trades. However, the pair has managed to trim losses and climbed back above 135.00. At time of writing, EUR/JPY is trading at 135.10, still 0.61% below its opening price.

EUR/JPY levels to watch

In terms of technical levels, EUR/JPY could find immediate resistances at 135.80 (100-hour SMA), 136.00 (psychological level) and 136.23 (intraday high). On the other hand, supports are seen at 134.13 (2014 low Oct 16), 134.00 (psychological level) and 133.72 (Nov 14 2013 low).

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