8 Apr 2015
EUR/JPY trades below 130.00
FXStreet (Mumbai) - The EUR/JPY pair fell below 130.00 on a lack of action from the Bank of Japan earlier today. The disappointing German factory orders data did little to support the pair.
EUR/JPY: Trades at 10-DMA
The pair currently trades at 10-DMA located at 129.92 levels, after having declined from a high of 130.27. The EUR appears to have withered the disappointing German data, which showed factory orders fell 0.9% month-on-month in Feb compared to the upwardly revised -2.6% fall seen in January.
The pair could be influenced by the Bank of Japan governor Kuroda’s comments at the press conference later today.
EUR/JPY Technical Levels
The immediate resistance is seen at 130.38 (5-DMA), above which gains could be extended to 131.28 (Apr. 6 high). On the flip side, a break below 129.93 (5-DMA), could drive the pair lower to 129.00 levels.
EUR/JPY: Trades at 10-DMA
The pair currently trades at 10-DMA located at 129.92 levels, after having declined from a high of 130.27. The EUR appears to have withered the disappointing German data, which showed factory orders fell 0.9% month-on-month in Feb compared to the upwardly revised -2.6% fall seen in January.
The pair could be influenced by the Bank of Japan governor Kuroda’s comments at the press conference later today.
EUR/JPY Technical Levels
The immediate resistance is seen at 130.38 (5-DMA), above which gains could be extended to 131.28 (Apr. 6 high). On the flip side, a break below 129.93 (5-DMA), could drive the pair lower to 129.00 levels.