23 Jun 2014
EUR/JPY falls to 6-day low
FXStreet (Córdoba) - The EUR/JPY gapped lower and accelerated to a 6-day low during the European session, weighed by softer-than-expected Eurozone manufacturing PMI.
The EUR/JPY lost more than half a cent throughout the day and bottomed out at 138.29 before finding support and entering a quiet phase. At time of writing, the pair is trading at 138.35, still down 0.27% on the day snapping a 5-day winning streak.
EUR/JPY technical levels
In terms of technical levels, to the downside next supports are seen at 138.29 (Jun 23 low), 138.00 (psychological level) and 137.70 (Jun 17 low). On the other hand, resistances are seen at 138.82 (Jun 23 high/200-day SMA), 138.88 (Jun 20 high) and 139.00 (psychological level).
The EUR/JPY lost more than half a cent throughout the day and bottomed out at 138.29 before finding support and entering a quiet phase. At time of writing, the pair is trading at 138.35, still down 0.27% on the day snapping a 5-day winning streak.
EUR/JPY technical levels
In terms of technical levels, to the downside next supports are seen at 138.29 (Jun 23 low), 138.00 (psychological level) and 137.70 (Jun 17 low). On the other hand, resistances are seen at 138.82 (Jun 23 high/200-day SMA), 138.88 (Jun 20 high) and 139.00 (psychological level).