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EUR/JPY trims daily gains

FXStreet (Córdoba) - EUR/JPY turned lower and reversed intraday gains during the European session after failing to break above the 137.00 level.

Yen managed to trim intraday losses against dollar and euro as risk appetite eased during the European session, and dragged EUR/JPY to a low of 136.40 before finding support. At time of writing, the pair is trading at 136.55, little changed on the day.

EUR/JPY technical levels

In terms of technical levels, EUR/JPY could find next resistances at 137.00 (Oct 20 high), 137.35 (20-day SMA) and 137.80 (100-day SMA). On the flip side, supports are seen at 136.40/37 (intraday low/10-day SMA), 136.00 (psychological level) and 135.74 (Oct 17 low).

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