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3 Apr 2015
EUR/JPY steadies above 130
FXStreet (Mumbai) - EUR/JPY keeps losses during the mid-Asian session and remains in a tight band largely on mild weakness seen in the shared currency across the board as traders await fresh cues as major global markets remain closed in observance of Good Friday.
EUR/JPY trades above 10-DMA
Currently, the EUR/JPY cross traded lower by 0.11% at 130.13 levels, quickly retreating from session highs reached at 130.18 levels. The cross in EUR/JPY is seen consolidating above 130 handle as traders remain in a wait-and-watch mode ahead of US non-farm payrolls data for further USD moves.
The EUR/USD pair strives for 1.09, although capped by EUR bears still in charge while USD/JPY trades dead flat amid calm markets and absolutely a no data-day.
EUR/JPY Levels to consider
To the upside, the next resistance is located at 130.28 and above which it could extend gains to at 130.58 levels. To the downside immediate support might be located at 129.95 (10-DMA) levels below that at 129.66 (5-DMA) levels.
EUR/JPY trades above 10-DMA
Currently, the EUR/JPY cross traded lower by 0.11% at 130.13 levels, quickly retreating from session highs reached at 130.18 levels. The cross in EUR/JPY is seen consolidating above 130 handle as traders remain in a wait-and-watch mode ahead of US non-farm payrolls data for further USD moves.
The EUR/USD pair strives for 1.09, although capped by EUR bears still in charge while USD/JPY trades dead flat amid calm markets and absolutely a no data-day.
EUR/JPY Levels to consider
To the upside, the next resistance is located at 130.28 and above which it could extend gains to at 130.58 levels. To the downside immediate support might be located at 129.95 (10-DMA) levels below that at 129.66 (5-DMA) levels.