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1 Oct 2013
EUR/JPY extends rally to print 133.50 session records
FXstreet.com (Chicago) - EUR/JPY rallied to 133.50 session highs to retrace minimally. Approaching a full-recovery from last week’s losses, the pair holds on to monthly gains.
Results ahead
On mixed Japanese tankan surveys but better than expected business confidence results, the country’s tax sales hike seems imminent next year. Ahead of manufacturing results for the euro-zone along unemployment rate changes – due also in Germany, the euro matches primary and secondary trends ‘rhythms against the yen dragged down by a stronger Nikkei up 0.53%.
EUR/JPY Technical Levels
Price action reveals the extension of a bullish rally that continues intensifying as indicated by the steep climb since Tokyo’s opening. Offered at 133.40, the pair navigates between supports aligned at 132.62 (September 17th highs), 132.25 (July 20th highs) ahead of 131.86 (September 17th lows) and resistances set at 133.35 (September 11th highs), 133.95 (September 26th highs) followed by 134.74 (September 20th highs). According to the FXstreet.com trend index, the pair is slightly bullish on one-hour timeframe above the EMA20.
Results ahead
On mixed Japanese tankan surveys but better than expected business confidence results, the country’s tax sales hike seems imminent next year. Ahead of manufacturing results for the euro-zone along unemployment rate changes – due also in Germany, the euro matches primary and secondary trends ‘rhythms against the yen dragged down by a stronger Nikkei up 0.53%.
EUR/JPY Technical Levels
Price action reveals the extension of a bullish rally that continues intensifying as indicated by the steep climb since Tokyo’s opening. Offered at 133.40, the pair navigates between supports aligned at 132.62 (September 17th highs), 132.25 (July 20th highs) ahead of 131.86 (September 17th lows) and resistances set at 133.35 (September 11th highs), 133.95 (September 26th highs) followed by 134.74 (September 20th highs). According to the FXstreet.com trend index, the pair is slightly bullish on one-hour timeframe above the EMA20.