EUR/JPY edges slightly higher after German CPI

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Nov 30, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
    Likes Received:
    FXStreet (Córdoba) - EUR/JPY made a marginal new high for the day following the release of in line with expectations German CPI.

    German consumer price index, harmonized according to European Union standards rose 0.1% in November and to 0.3% on the year, matching analysts’ forecasts.

    The euro edged slightly higher following the release and touched a daily peak of 130.27 against the yen, just above its European session high. At time of writing, the pair is trading at 130.22, still 0.14% above its opening price.

    EUR/JPY levels to watch

    In terms of technical levels, next resistances are seen at 130.71 (Nov 25 high), 131.00 (psychological level) and 131.55 (21-day SMA). On the other hand, supports could be faced at 129.80 (Nov 30 low), 129.65 (Nov 27 low) and 129.35 (Apr 28 low).
    For more information, read our latest forex news.

Share This Page

free forex signals