6 Apr 2015
EUR/JPY rises above 131.00
FXStreet (Mumbai) - The EUR/JPY pair rose above 131.00 levels amid thin volumes ahead of the US services PMI data release.
EUR/JPY: rises to eight-day high
The pair trades at an eight day of 131.16 as the EUR caught a fresh bid wave ahead of the ISM non-manufacturing data in the US, which is expected to show services activity cooled down slightly in March. The EUR/USD pair has been pushed higher to 1.1028 levels, up 0.28% for the day.
Meanwhile, the USD/JPY pair is largely unchanged at 118.97, amid the absence of fresh cues from the major Asian and European markets. Consequently, the EUR/JPY pair was pushed higher to 131.17 from the low of 130.49.
EUR/JPY Technical Levels
The immediate resistance is seen at 131.49 (March 24 high), above which gains could be extended to 131.98 (50-DMA). On the flip side, support is seen at the daily low of 130.49, under which losses could be extended to 130.23 (5-DMA).
EUR/JPY: rises to eight-day high
The pair trades at an eight day of 131.16 as the EUR caught a fresh bid wave ahead of the ISM non-manufacturing data in the US, which is expected to show services activity cooled down slightly in March. The EUR/USD pair has been pushed higher to 1.1028 levels, up 0.28% for the day.
Meanwhile, the USD/JPY pair is largely unchanged at 118.97, amid the absence of fresh cues from the major Asian and European markets. Consequently, the EUR/JPY pair was pushed higher to 131.17 from the low of 130.49.
EUR/JPY Technical Levels
The immediate resistance is seen at 131.49 (March 24 high), above which gains could be extended to 131.98 (50-DMA). On the flip side, support is seen at the daily low of 130.49, under which losses could be extended to 130.23 (5-DMA).