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EUR/JPY a buy on dips?

FXStreet (Guatemala) - EUR/JPY is trading at 148.00, up 0.01% on the day, having posted a daily high at 149.17 and low at 147.91.

EUR/JPY has given in a little to gravity, with supply finally coming in at 149.00 ahead of the psychological 150 handle. The pair has dropped back a big figure in a decisive drift and if it were to reload here, the next major next resistance area would be the August 2007 low at 149.25. To the down side, the next support is evident at the mid point of the 146 handle and while trading above here, the pair remains in positive territory.

EUR/JPY noteworthy levels

Current price is 148.00, with resistance ahead at 148.15 (Hourly 20 EMA), 148.31 (Weekly Classic R2), 148.63 (Daily Classic R1) and 149.17 (Daily High) and 149.25 ahead of levels towards of 150.00. Next support to the downside can be found at 147.80/50 and 146.44.

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