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EUR/JPY keeps lows near 133.40

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Oct 27, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    FXStreet (Edinburgh) - The better tone from the Japanese currency throughout the Asian session has prompted EUR/JPY to leave session tops and return to the 133.40 area.

    EUR/JPY capped by 134.00

    The recovery from Monday’s lows in the 133.20 area seems to have found strong resistance near the 134.00 handle overnight, as bulls have failed to lift the cross any further.

    Ahead in the session, EMU’s Money Supply figures and Private Loans will be in the limelight, while the BoJ meeting on Friday will be the main event on the JPY-side.

    EUR/JPY significant levels

    The cross is now losing 0.36% at 133.41 and a breach of 133.05 (low Sep.26) would aim for 132.18 (monthly low Sep.8) and finally 130.12 (low jan.26). On the upside, the initial barrier lies at 134.50 (200-day ma) followed by 135.00 (psychological level) and then 135.50 (55-day sma).
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