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EUR/JPY directionless around 135.60

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Oct 19, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    FXStreet (Edinburgh) - After the overnight spike to the boundaries of 136.00 the figure, EUR/JPY has now returned to the 135.65/60 band ahead of the opening bell in Euroland.

    EUR/JPY capped by 136.00

    The cross failed once again to break above the 136.00 handle on a sustainable basis, retreating to the current mid-135.00 against a backdrop of a generalized lack of direction in the global markets.

    Nothing worth mentioning data wise in the euro bloc today, while the recently released Sakura Report in Japan has noted that all nine regional economies has shown signs of improvement.

    EUR/JPY significant levels

    The cross is now advancing 0.02% at 135.62 with the next hurdle at 135.92 (100-day sma) followed by 136.60 (downtrend from August top) and then 137.44 (monthly high Sep.17). On the flip side, a breach of 134.49 (200d-sma) would aim for 134.11 (uptrend from August low) and finally 133.19 (low Sep.22).
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