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EUR/JPY bears on top while we consolidate

FXStreet (Guatemala) - EUR/JPY is trading at 136.93, having posted a daily high at 137.00 and low at 136.90.

Overnight, the European GDP numbers disappointed but investors were not deterred either way with a commitment from the bulls who continued to support the euro. EUR/JPY has held form albeit losing the 137 handle into the 136.90’s where we are consolidating the fluctuations around the figure. The docket today holds little in the way of events and a slow start in Asia sets the theme ahead with the bears on the advantage.

EUR/JPY hourly levels

Spot is presently trading at 136.93, and next resistance can be seen at 137.01 (Hourly 20 EMA), 137.17 (Daily 20 SMA) and 137.27 (Daily High). Support below can be found at 136.90 (Daily Classic PP), and 136.83 (Weekly Classic PP).

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