by Tue, 27 Jul 2010 05:54:00 +0200
Forex: EUR/JPY hits resistance at 113.20
FXstreet.com (Barcelona) - The Euro common currency has been on a steady rise against the Japanese yen over Asia, reaching a high of 113.20 in recent trading. The EUR/JPY failed to surpass that resistance though and trades slightly below at 113.07 at time of writing, still a 0.22% gain since open.
With a slightly bullish momentum to the upside experienced in recent trading, the next resistance levels are listed at 113.14 and later 113.43. To the downside, immediate support is placed at 112.94 and 112.66.
| Technical Analysis (2010-07-27 03:30 GMT) | |
|---|---|
EUR/JPY 113.13/113.14 - O: 112.515 H: 112.515 L: 112.415 C: 112.43 | |
| Trend | R3: 113.71 |
 | R2: 113.43 |
| R1: 113.14 | |
| S1: 112.38 | |
| S2: 112.66 | |
| S3: 112.94 | |
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