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8 Jul 2013
EUR/JPY opens the week above 130.00
FXstreet.com (Barcelona) - The EUR/JPY foreign exchange cross rate is currently trading at fresh session highs 130.14, mostly on the back of Yen weakness ahead of Japan current account at 23:50 GMT.
EUR/JPY sitting on long positions
“Prime broker reports suggest that overall EUR positioning is relatively neutral, with bigger players sitting on long EUR/JPY positions but the overall market tending to be short EUR/USD,” said FXWW founder Sean Lee. The cross is up +0.26% for the session so far.
EUR/JPY key technical levels
Immediate resistance to the upside for EUR/JPY shows at recent session/July 01 highs 130.22/26, followed by July 03 Asian session lows at 130.30, and July 02 London session highs at 130.65. To the downside, closest support lies at recent session lows/June 28 highs 129.67, followed by July 04 lows at 128.83, and July 03/06 lows at 128.63/57.
EUR/JPY sitting on long positions
“Prime broker reports suggest that overall EUR positioning is relatively neutral, with bigger players sitting on long EUR/JPY positions but the overall market tending to be short EUR/USD,” said FXWW founder Sean Lee. The cross is up +0.26% for the session so far.
EUR/JPY key technical levels
Immediate resistance to the upside for EUR/JPY shows at recent session/July 01 highs 130.22/26, followed by July 03 Asian session lows at 130.30, and July 02 London session highs at 130.65. To the downside, closest support lies at recent session lows/June 28 highs 129.67, followed by July 04 lows at 128.83, and July 03/06 lows at 128.63/57.