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EUR/JPY Technical Analysis: Lurching forward to seize 129.00

  • Risk appetite takes a step forward in Asia session trading, Yen-based pairs take a brief bump to trader higher, EUR/JPY spikes back over the 129.00 handle.
  • With little in the way of headlines, the Yen is the principal driver of early Tuesday action.
  • Asian markets are leaning bullish for the day as traders shrug off trade war tensions.

EUR/JPY Chart, 15-Minute

Spot rate: 129.08
Relative change: 0.20%
High: 129.22
Low: 128.76
   
Trend: Bullish
   
Support 1: 128.76 (current day low)
Support 2: 127.86 (current week low)
Support 3: 127.00 (major technical level)
   
Resistance 1: 129.22 (current day high)
Resistance 2: 129.98 (one month high)
Resistance 3: 132.00 (major technical level)

 

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