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16 Jul 2013
EUR/JPY steadies at mid-range
FXstreet.com (Córdoba) - The EUR/JPY remains in consolidation mode after failing to break above the 130.80 zone during the European session.
EUR/JPY flat on the day
EUR/JPY scored a 2-week high of 1.3080 but failed to sustain gains and pulled back, however with the dip being contained by the 130.00 area, the pair was left sideways in a range. At time of writing, EUR/JPY is trading at the 130.30 area, where it is a few pips below its opening price.
If EUR/JPY breaks above 130.80, next resistances are seen 131.00 (psychological level) and 131.10 (Jul 2 high), while on the other hand supports could be found at 130.10 (intraday level) and 129.98/130.00 (daily low/psychological level).
EUR/JPY flat on the day
EUR/JPY scored a 2-week high of 1.3080 but failed to sustain gains and pulled back, however with the dip being contained by the 130.00 area, the pair was left sideways in a range. At time of writing, EUR/JPY is trading at the 130.30 area, where it is a few pips below its opening price.
If EUR/JPY breaks above 130.80, next resistances are seen 131.00 (psychological level) and 131.10 (Jul 2 high), while on the other hand supports could be found at 130.10 (intraday level) and 129.98/130.00 (daily low/psychological level).