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2 Oct 2013
EUR/JPY jumps to 132.40 after Letta victory
FXstreet.com (San Francisco) - The Euro is trading higher across the board following the Letta's victory in the vote of confidence held today in the Italian Senate.
So, against the Yen, the unique currency has jumped from intra-day low at 131.40 to test the 132.40 level. Currently, the EUR/JPY is trading at 132.15, 0.30% negative on the day. The short term perspective remains slightly bearish according to the FXstreet.com trend index in the 1-hour chart.
Indicators such as MACD and Momentum are pointing to the south while the CCI is bullish and Stochastic is neutral.
Above the 132.40, the Euro would face resistances against the Yen at 132.50, 133.00 and 133.45. On the downside, supports are at 131.40, 130.80 and 130.00.
So, against the Yen, the unique currency has jumped from intra-day low at 131.40 to test the 132.40 level. Currently, the EUR/JPY is trading at 132.15, 0.30% negative on the day. The short term perspective remains slightly bearish according to the FXstreet.com trend index in the 1-hour chart.
Indicators such as MACD and Momentum are pointing to the south while the CCI is bullish and Stochastic is neutral.
Above the 132.40, the Euro would face resistances against the Yen at 132.50, 133.00 and 133.45. On the downside, supports are at 131.40, 130.80 and 130.00.