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EUR/JPY reverses and rises above 147.30

FXStreet (Córdoba) - EUR/JPY rose during the American session and erased losses as stocks turned positive in Wall Street. The pair reached the strongest level since last Friday at 147.40 and remains near the highs.

The yen reversed across the board and failed to hold to gains with USD/JPY rising back above 117.70 while EUR/USD climbed on top of 1.2500 again.

EUR/JPY technical levels

To the upside, above 147.40 immediate resistance could be located at 147.85 (Nov 20 low) followed by 148.40 (Nov 21 high). To the downside, support might lie at 146.90 (American session low), 146.45/50 (daily low ) and 146.30.

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