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28 Aug 2013
EUR/JPY is trading upwards puzzling investors
FXstreet.com (Athens) - The EUR/JPY is moving upwards on Wednesday’s European trading session, rebounding after yesterday’s collapse.
EUR/JPY trading on the upper side, putting riddles on investors
The pair moves upwards on Wednesday’s European trading session, despite heightened investor
uncertainty related to potential military conflict in Syria. The single currency finds solid ground against the ultimate ‘risk-aversion’ currency, i.e. the Japanese yen, baffling investors. Furthermore, the German Consumer Confidence Survey Index, released at weaker than expected levels, but the pair didn’t pay much attention to the decrease.
Technical outlook on EUR/JPY
At the time of writing, the pair is trading at 130.30, up 0.25%. and The FXstreet.com Trend Index shows the pair to be slightly bullish. Daily pivot point support can be found at 129.67, 128.10, 127.86 and resistance at 130.60, 131.20 and 132.01 respectively
EUR/JPY trading on the upper side, putting riddles on investors
The pair moves upwards on Wednesday’s European trading session, despite heightened investor
uncertainty related to potential military conflict in Syria. The single currency finds solid ground against the ultimate ‘risk-aversion’ currency, i.e. the Japanese yen, baffling investors. Furthermore, the German Consumer Confidence Survey Index, released at weaker than expected levels, but the pair didn’t pay much attention to the decrease.
Technical outlook on EUR/JPY
At the time of writing, the pair is trading at 130.30, up 0.25%. and The FXstreet.com Trend Index shows the pair to be slightly bullish. Daily pivot point support can be found at 129.67, 128.10, 127.86 and resistance at 130.60, 131.20 and 132.01 respectively