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11 Mar 2015
EUR/JPY finds support at 128.30; low since August 2013
FXStreet (Tokyo) - The Euro continues depressed on Wednesday and after falling 135 pips from 129.70 against the Japanese Yen, the EUR/JPY found support at 128.30, the lowest level since August 2013.
The EUR/JPY has posted 7 negative days in the last 8 session, losing more than 600 pips from March 3 highs of 134.45 to today's lows.
Currently, EUR/JPY is trading at 128.66, down -0.71% on the day, having posted a daily high at 129.99 and low at 128.34. EUR/JPY spot is in neutral territory according to the hourly FXStreet OB/OS Index, while the FXStreet Trend Index is slightly bearish.
Euro to Yen exchange rate levels
If the pair falls below 128.30, it will find next supports at 128.00 and 127.10. To the upside, resistances are at 129.15, 129.70 and 130.00.
The EUR/JPY has posted 7 negative days in the last 8 session, losing more than 600 pips from March 3 highs of 134.45 to today's lows.
Currently, EUR/JPY is trading at 128.66, down -0.71% on the day, having posted a daily high at 129.99 and low at 128.34. EUR/JPY spot is in neutral territory according to the hourly FXStreet OB/OS Index, while the FXStreet Trend Index is slightly bearish.
Euro to Yen exchange rate levels
If the pair falls below 128.30, it will find next supports at 128.00 and 127.10. To the upside, resistances are at 129.15, 129.70 and 130.00.