Forex: EUR/JPY back to the 130.00 area

FXstreet.com (Córdoba) - After falling to daily lows in the wake of Draghi's comments about the ECB standing ready to act, the euro managed to trim losses against the yen and bounced back to the 130.00 area.

EUR/JPY found support around 129.60 during the New York session, and climbed toward a session high of 130.06 before losing steam. At time of writing, EUR/JPY is quoting around 129.95/130.00, virtually unchanged since opening.

On the upside, the cross could find next resistance levels at 130.40 (daily high) and 130.65 (Apr 22 high). On the flip side, supports might be faced at 129.60 (daily low), 129.25 (50-hour SMA) and 129.00 (psychological level).