15 Jul 2014
EUR/JPY tests 138.00 after ZEW data
FXStreet (Córdoba) - The EUR/JPY extended the downside a little bit and moved closer to the 138.00 psychological level after a run of disappointing sentiment surveys from the Eurozone.
Eurozone ZEW economic sentiment survey came in at 61.8 in July versus 62.3 expected, while for Germany it was down to 27.1 against 28.0. The EUR/JPY dropped to a low of 138.01 in recent dealings, almost completely retracing yesterday’s gains.
EUR/JPY levels to watch
At time of writing, the EUR/JPY is trading at 138.05, 0.15% down on the day. On the downside, if the pair breaks decisively below 138.00, next supports are seen at 137.83 (Jul 14 low), 137.68 (Jul 11 low) and 137.50 (Jul 10 low). On the flip side, resistances are seen at 138.43 (Jul 14 high), 138.75 (Jul 9 high) and 139.00 (psychological level).
Eurozone ZEW economic sentiment survey came in at 61.8 in July versus 62.3 expected, while for Germany it was down to 27.1 against 28.0. The EUR/JPY dropped to a low of 138.01 in recent dealings, almost completely retracing yesterday’s gains.
EUR/JPY levels to watch
At time of writing, the EUR/JPY is trading at 138.05, 0.15% down on the day. On the downside, if the pair breaks decisively below 138.00, next supports are seen at 137.83 (Jul 14 low), 137.68 (Jul 11 low) and 137.50 (Jul 10 low). On the flip side, resistances are seen at 138.43 (Jul 14 high), 138.75 (Jul 9 high) and 139.00 (psychological level).