Skip to Content
News & Analysis at your fingertips.

We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site. See our updated Privacy Policy here.



Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events


Economic Calendar

Economic Calendar Events

Free Trading Guides
Please try again
More View More
EUR/JPY Technical Analysis: Standstill Below 132.00 Persists

EUR/JPY Technical Analysis: Standstill Below 132.00 Persists

Ilya Spivak,

To receive Ilya's analysis directly via email, please SIGN UP HERE

Talking Points:

  • EUR/JPY Technical Strategy: Flat
  • Support: 129.55, 128.00, 126.85
  • Resistance:131.79, 132.94, 134.37

The Euro is in consolidation mode after prices broke resistance capping the upside since early December 2014 against the Japanese Yen. A daily close above the 50% Fibonacci retracement at 131.79 exposes the 61.8% level at 132.94. Alternatively, reversal below the 129.51-130.63 area (trend line resistance-turned-support, January 26 low, 38.2% retracement) clears the way for a challenge of the 38.2% Fib expansion at 128.00.

Our long-term outlook envisions Euro weakness. With that in mind, we will treat any on-coming upswing as corrective and look to enter short once signs of a renewed turn lower emerge. In the meantime, we will remain on the sidelines.

Add these technical levels directly to your charts with our Support/Resistance Wizard app!

Daily Chart - Created Using FXCM Marketscope

--- Written by Ilya Spivak, Currency Strategist for

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.