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Forex: EUR/JPY jumps above 130.00

FXstreet.com (San Francisco) - After finding support at 129.35, the EUR/JPY is trading in recovery mode with the pair advancing around 80 pips in the last hour to price above the 130.00. The euro has reached the 130.25 as 1-week highest against the Yen.

Currently the pair is trading at 130.10, 1.55% above opening price. The pair is slightly bullish according to the FXstreet.com trend index with indicators such as MACD, CCI and Momentum pointing higher while the Stochastic is bearish in the 15-minutes chart.

Above the 130.25, next resistances are at 130.65 and 131.10. On the upside, the supports are at 129.40, 129.00 and 128.70.

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