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11 Sep 2018
EUR/JPY Technical Analysis: Lurching forward to seize 129.00
- Risk appetite takes a step forward in Asia session trading, Yen-based pairs take a brief bump to trader higher, EUR/JPY spikes back over the 129.00 handle.
- With little in the way of headlines, the Yen is the principal driver of early Tuesday action.
- Asian markets are leaning bullish for the day as traders shrug off trade war tensions.
EUR/JPY Chart, 15-Minute
| Spot rate: | 129.08 |
| Relative change: | 0.20% |
| High: | 129.22 |
| Low: | 128.76 |
| Trend: | Bullish |
| Support 1: | 128.76 (current day low) |
| Support 2: | 127.86 (current week low) |
| Support 3: | 127.00 (major technical level) |
| Resistance 1: | 129.22 (current day high) |
| Resistance 2: | 129.98 (one month high) |
| Resistance 3: | 132.00 (major technical level) |