- The rally in EUR/JPY seems to have taken a breather today, prompting the cross to linger just above the psychological 130.00 handle amidst some renewed downside pressure hitting the European currency.
- The cross needs to leave behind the mid-130.00s – where converge the resistance line and June’s peaks – on a sustainable fashion in order to attempt a re-visit of late July’s tops beyond 131.00 the figure and the 200-day SMA, today at 131.33
- Further north aligns July’s top just above the 132.00 handle.
EUR/JPY daily chart
Daily high: 130.23
Daily low: 129.57
Support Levels
S1: 129.70
S2: 129.34
S3: 129.04
Resistance Levels
R1: 130.36
R2: 130.66
R3: 131.02
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