EUR/JPY is far from highs from the vicinity of the 123,70

FXStreet – After the rise to 4-month high in the vicinity of the 123,70, moved the GBP/JPY in the area of the 123,00 back, where he seems to have a support seems to have found.

EUR/JPY gains limited in the vicinity of the 123,70

Despite today’s Pullback, the 3-week rally by the 114,80 April is Deeply intact. In the rally, the Gap after the 1. Round of the French elections.

Today, the safe haven of the Japanese Yen commandments receives, during the recent bullish let impulses against the European currencies fade, what is supported by today’s correction.

The biggest Event of the day is the release of US NFP. It is expected that in April of 180K new jobs were created, while the unemployment rate is expected to rise from 4.5 % to 4.6 %.

EUR/JPY relevant levels

Currently, the daily loss a -0.28% 123,19 and the next Resistances is at 122,93 (Deep-5. May), 121,59 (Fibo 23.6% on the April-to-may rally) and 120,65 (100-day SMA). On the other hand, Resistances can be found at 123,68 (High-5. May) 123,80 (High 30. December 2016) and 124,13 (High 15. December 2016).

** FXStreet News Editorial, FXStreet**

Leave a Reply