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4 Feb 2015
EUR/JPY recovers from session lows
FXStreet (Mumbai) - The EUR/JPY pair rose from the session low at 134.22 after the service activity in German and Eurozone expanded at a faster rate in January.
Trades above a critical support
The pair has recovered to trade above January 28th high of 134.34 levels. The German services PMI in January rose to 54.00 from the previous reading of 52.7. On similar lines, the Eurozone services PMI rose to 52.7 from the previous print of 52.3. The upbeat data pushed the pair from 134.22 to 134.62 levels.
EUR/JPY Technical Levels
The immediate resistance is seen at 134.70, above which gains could be extended to 135.34 levels. Meanwhile, support is seen at 134.22 and 133.58 levels.
Trades above a critical support
The pair has recovered to trade above January 28th high of 134.34 levels. The German services PMI in January rose to 54.00 from the previous reading of 52.7. On similar lines, the Eurozone services PMI rose to 52.7 from the previous print of 52.3. The upbeat data pushed the pair from 134.22 to 134.62 levels.
EUR/JPY Technical Levels
The immediate resistance is seen at 134.70, above which gains could be extended to 135.34 levels. Meanwhile, support is seen at 134.22 and 133.58 levels.