21 Jan 2015
EUR/JPY consolidates below 136.50
FXStreet (Córdoba) - EUR/JPY is falling on Wednesday after rising during the previous three trading days. On Asian hours the pair failed to hold above 137.00 and bottomed at 135.83 during the European session.
From the lows rebounded but the recovery was capped by the 136.50 area and currently trades at 136.10/15, 0.70% lower for the day ahead of the ECB meeting to be held tomorrow.
EUR/JPY technical levels
Immediate support could be located at 135.80 (daily low), followed by 135.40 and 135.10 (Jan 19 low). On the opposite direction, resistance might lie at 136.50 (European session high) and 136.95 and 137.30.
From the lows rebounded but the recovery was capped by the 136.50 area and currently trades at 136.10/15, 0.70% lower for the day ahead of the ECB meeting to be held tomorrow.
EUR/JPY technical levels
Immediate support could be located at 135.80 (daily low), followed by 135.40 and 135.10 (Jan 19 low). On the opposite direction, resistance might lie at 136.50 (European session high) and 136.95 and 137.30.