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: Euro Gains Most in 3 Weeks

EUR/JPY Technical Analysis: Euro Gains Most in 3 Weeks

Ilya Spivak,

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

Talking Points:

  • EUR/JPY Technical Strategy: Flat
  • Support: 134.68, 132.80, 131.52
  • Resistance:135.65, 137.24, 138.52

The Euro is attempting to launch a recovery against the Japanese Yen having found support above the 133.00 figure. Near-term resistance is at 135.65, the 23.6% Fibonacci expansion, with a break above that on a daily closing basis exposing the 136.95-137.24 area (May 18 high, 38.2% level). Alternatively, a turn back below the 14.6% Fib at 134.68 opens the door for a challenge of the 132.80-133.10 zone (38.2% Fib retracement, May 5 low).

The available trading range is too narrow to justify entering a trade on the long or short side from a risk/reward perspective. With that in mind, we will remain flat for now, waiting for price action to offer a more compelling opportunity down the road.

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.