EUR/JPY: making a minor recovery in mixed market

By FXStreet FXStreet (Guatemala) – EUR/JPY is currently trading at 134.52 with a high of 134.76 and a low of 134.00.

Risk is mixed today, while equities are in the red, with a slight recovery in commodities and gold remains positive. The Yen is strong however, back below 120 while EUR/USD has rallied through the 200 SMA on the hourly chart.

EUR/JPY is attempting a recovery from above the 133 handle and has penetrated the 20 SMA on the 4hr chart at 134.31 and over 200 pips from September lows of 132.23. The pressures on the hourly are to the downside below the 200 SMA, but the minor recovery is making a progressive advance from recent lows with 135 as the next challenge.
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Source:: FX Street