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FxWirePro: EUR/JPY supported around 136.00 on broad euro strength

Markets ignored the latest fall of German ZEW economic sentiment index and Euro zone's industrial production Broad euro strength continues unabated, supporting EUR/JPY at around 136.00 levels EUR/JPY price action rejects…

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  • Markets ignored the latest fall of German ZEW economic sentiment index and Euro zone's industrial production

  • Broad euro strength continues unabated, supporting EUR/JPY at around 136.00 levels

  • EUR/JPY price action rejects upside by 137.78 on Monday, increasing scope for loses to 133.57 (cloud base)

  • Overall bias back on the downside, with resistance around 137.00 (Psychological Level) and support at 135.53 (4h Kijun-Sen)

Resistance levels:

R1: 137.00 (Psychological Level)

R2: 137.16 (Kijun-Sen)

R3: 137.80 (Daily High Jul 13)  

Support Levels:

135.40 (Session Low Jul 13)

135.03 (Daily High Jul 9)

133.94 (Daily Low Jul 10)                                                     

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