12 Nov 2013
EUR/JPY pushed to 133.40 session highs
FXstreet.com (Chicago) - EUR/JPY reached 133.40 session highs breaking immediate resistance momentarily and staying very close to limits.
Ahead of consumer confidence index data results along the machine tool orders, market participants support a bullish momentum sending the pair to session highs at 133.40. Ahead of important German data (CPI series) and Europe’s GDP due on Thursday, there is divergence between primary and secondary trends.
EUR/JPY Technical Levels
132.40 (November 5th lows), 131.67 (September 29th lows) followed by 131.14 (October 6th lows) and the resistances set at 132.79 (October 15th lows), 133.31 (November 4th highs) ahead of 133.74 (November 7th highs).
Ahead of consumer confidence index data results along the machine tool orders, market participants support a bullish momentum sending the pair to session highs at 133.40. Ahead of important German data (CPI series) and Europe’s GDP due on Thursday, there is divergence between primary and secondary trends.
EUR/JPY Technical Levels
132.40 (November 5th lows), 131.67 (September 29th lows) followed by 131.14 (October 6th lows) and the resistances set at 132.79 (October 15th lows), 133.31 (November 4th highs) ahead of 133.74 (November 7th highs).