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11 Sep 2013
EUR/JPY cracks down below 133.00
FXstreet.com (Chicago) - EUR/JPY continues trading sideways capped by 133.25 resistance. The pair gave up the 133.00 zone and struggles to maintain the 132.90 zone ahead of the American trading session closing.
Equities
Earlier in Europe the markets closed with gains with the CAC 40 up 0.06%, the DAX up 0.58% and the Euronext 100 up 0.07%. Germany, leading UE economy, published its consumer price index at 1.5% matching prior and expected results. In Japan, the Nikkei recorded minimal 0.01% gains for the day.
EUR/JPY Technical Levels
The yen has been trading weak for the past week and today is no exception. Price action reveals a euro that manages to sustain last week’s performance against the yen. The reversal day was last August 30th from 129.30 zone marking highest lows since then. The pair has traded sideways today declining 0.18% capped by a strong 133.30 resistance. Offered at 132.93, the pair navigates between supports at 132.75 (July 24th highs), 132.41 (August 23rd highs) ahead of 132.20 (September 9th highs) and resistances at 133.30 (session highs), 133.90 (May 2013 highs) followed by 134.65 (December 27th 2009). According to the FXstreet.com trend index, the pair is slightly bearish on one-hour timeframe analysis with a neutral EMA20.
Equities
Earlier in Europe the markets closed with gains with the CAC 40 up 0.06%, the DAX up 0.58% and the Euronext 100 up 0.07%. Germany, leading UE economy, published its consumer price index at 1.5% matching prior and expected results. In Japan, the Nikkei recorded minimal 0.01% gains for the day.
EUR/JPY Technical Levels
The yen has been trading weak for the past week and today is no exception. Price action reveals a euro that manages to sustain last week’s performance against the yen. The reversal day was last August 30th from 129.30 zone marking highest lows since then. The pair has traded sideways today declining 0.18% capped by a strong 133.30 resistance. Offered at 132.93, the pair navigates between supports at 132.75 (July 24th highs), 132.41 (August 23rd highs) ahead of 132.20 (September 9th highs) and resistances at 133.30 (session highs), 133.90 (May 2013 highs) followed by 134.65 (December 27th 2009). According to the FXstreet.com trend index, the pair is slightly bearish on one-hour timeframe analysis with a neutral EMA20.