FXStreet (Mumbai) – The EUR/JPY pair rose to a session high of 135.78 after the official data in Germany showed the retail turnover rebounded in April.
EUR/JPY: Repeated failure around 136.00
The upward momentum in the pair has stalled repeatedly closer to 136.00 levels in the last couple of trading sessions. Fresh offers were seen in the previous session in the range of 135.80-136.00 which helped push the pair back to 135.50 levels.
The month-on-month rise in the German retail sales triggered a recovery from the low of 135.49, however, the pair is still struggling to take out offers between 135.80-136.00 levels.
EUR/JPY Technical Levels
The immediate resistance is located at 135.90-136.00, above which the pair could extend gains to 136.40 levels. On the flip side, a break below 135.40 could push the pair lower to 134.75 levels.
The EUR/JPY pair rose to a session high of 135.78 after the official data in Germany showed the retail turnover rebounded in April.
(Market News Provided by FXstreet)