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Noticias de trading
24 Apr 2015
EUR/JPY hit session highs
FXStreet (Mumbai) - The EUR/JPY pair rose to a session high of 129.92 after the IFO survey data showed German business climate index at a 10-month high 108.6 in March.
Struggling around 129.90
Currently, the pair is struggling around 129.90, unable to extend gains due to the IFO expectations index, which declined to 103.5 from 103.9. Investors are likely to be on a wait and watch mode ahead of the Eurogroup meeting. It is widely expected that nothing significant is likely to come out of the meeting, although there is a slim chance that Greece could be allotted a new deadline.
EUR/JPY Technical Levels
The immediate resistance is located at 130.00, above which gains could be extended to 131.28 (Apr. 6 high). On the flip side, a break below 129.30, could drive the pair lower to 128.85 (5-DMA).
Struggling around 129.90
Currently, the pair is struggling around 129.90, unable to extend gains due to the IFO expectations index, which declined to 103.5 from 103.9. Investors are likely to be on a wait and watch mode ahead of the Eurogroup meeting. It is widely expected that nothing significant is likely to come out of the meeting, although there is a slim chance that Greece could be allotted a new deadline.
EUR/JPY Technical Levels
The immediate resistance is located at 130.00, above which gains could be extended to 131.28 (Apr. 6 high). On the flip side, a break below 129.30, could drive the pair lower to 128.85 (5-DMA).