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EUR/JPY testing space near key resistance 138.00

FXStreet (Guatemala) - EUR/JPY is trading at 137.77, up 0.03% on the day, having posted a daily high at 137.82 and low at 137.65.

EUR/JPY sits steady on a well bid performance rallying from 137.00 up to current levels on a gradual and convincing move over the European and US session. The shares and stock markets on both sides of the Atlantic were bullish which weighed on the Japanese currency and that leaves us in reach of the October highs testing the space in the 138.00 zone. This is a daily resistance territory that gave way once in the past three months when the pair rallied up over timeframes to 141.25.

EUR/JPY noteworthy levels

Current price is 137.78, with resistance ahead at 137.82 (Daily High), 137.83 (Yesterday's High), 138.08 (Daily Classic R1), 138.34 (Weekly Classic R2) and 138.43 (Daily Classic R2). Next support to the downside can be found at 137.74 (Weekly High), 137.73 (Daily Open), 137.70 (Weekly Classic R1), 137.67 (Daily 100 SMA) and 137.65 (Daily Low).

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