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1 Jun 2015
EUR/JPY hits a fresh 2-week high
FXStreet (Córdoba) - A weak yen pushed EUR/JPY to the upside. The pair hit at 136.48, the strongest level since May 18.
Will EUR/JPY rally above last week highs?
Price currently is hovering around 136.40, near last week highs. So far the upside remains limited by 136.50; a break higher could trigger a bullish run toward the next resistance that could be located at 136.80 and then 136.95. On the opposite direction, the key short term support area could be located around 135.00, slightly above daily lows.
The pair posting modest gains on Friday rising for the four day in a row and trading slightly below May highs that lie at 136.95; higher levels would be the strongest since January.
Will EUR/JPY rally above last week highs?
Price currently is hovering around 136.40, near last week highs. So far the upside remains limited by 136.50; a break higher could trigger a bullish run toward the next resistance that could be located at 136.80 and then 136.95. On the opposite direction, the key short term support area could be located around 135.00, slightly above daily lows.
The pair posting modest gains on Friday rising for the four day in a row and trading slightly below May highs that lie at 136.95; higher levels would be the strongest since January.