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21 Apr 2015
EUR/JPY rallies to daily highs
FXStreet (Tokyo) - After testing lows at 127.50 throughout the European session, the EUR/JPY bounced off this level before rising near 100 pips to break above daily Pivot Point of 128.10 and to trade at daily highs near 128.40.
Currently, EUR/JPY is trading at 128.28, up 0.24% on the day, having posted a daily high at 128.41 and low at 127.45. The FXStreet OB/OS Index is reflecting neutral hourly conditions, while the FXStreet Trend Index is also neutral.
EUR/JPY Forecast
According to the FXStreet EURJPY Forecast Poll, the pair "is seen range bound below 130.00 over the next weeks, as USD continues to gather all of the attention."
More precise, Jameel Ahmad from FXTM affirms that the "126 was met as expected;" But there is no expectations for "losses below here for a while."
Euro to Yen levels
If the pair manages to extend gains, it will find resistances at 128.50 and 1.2870. To the downside, supports are now at 128.10, 127.70 and 127.50.
Currently, EUR/JPY is trading at 128.28, up 0.24% on the day, having posted a daily high at 128.41 and low at 127.45. The FXStreet OB/OS Index is reflecting neutral hourly conditions, while the FXStreet Trend Index is also neutral.
EUR/JPY Forecast
According to the FXStreet EURJPY Forecast Poll, the pair "is seen range bound below 130.00 over the next weeks, as USD continues to gather all of the attention."
More precise, Jameel Ahmad from FXTM affirms that the "126 was met as expected;" But there is no expectations for "losses below here for a while."
Euro to Yen levels
If the pair manages to extend gains, it will find resistances at 128.50 and 1.2870. To the downside, supports are now at 128.10, 127.70 and 127.50.