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: Eyeing Resistance Above 131.00

EUR/JPY Technical Analysis: Eyeing Resistance Above 131.00

Ilya Spivak, Head Strategist, APAC

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

Talking Points:

  • EUR/JPY Technical Strategy: Flat
  • Support: 131.38, 130.13, 128.58
  • Resistance:132.63, 134.18, 136.68

The Euro issued its largest daily advance in three months against the Japanese Yen, reclaiming a foothold above the 13200 figure. A daily close above the 61.8% Fibonacci retracement at 132.63 exposes the 76.4% level at 134.18. Alternatively, reversal below the 50% Fib at 131.38 clears the way for a test of the 38.2% retracement at 130.13.

Prices are too close to resistance to justify entering long from a risk/reward perspective. On the other hand, the absence of a defined bearish reversal signal suggests that taking up the short side is premature. With that in mind, we will remain flat for now.

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

EUR/JPY Technical Analysis: Eyeing Resistance Above 131.00

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.