EUR/JPY profit will lose in the vicinity of the 126,00 momentum

FXStreet — The re-offers to the community currency, the EUR/JPY a portion of its profits from the new 2017 High in the area of 125,80/85.

EUR/JPY at 3-week low

The Pair fell in the European Morning, to multi-day low of 124,80, where the 38.2% Retracement of the 2015-2016 fall.

The JPY benefited from its safe haven Status and the higher-than-expected Inflation for the may Tokyo CPI. Consumer prices increased year-on-year by 0.2%, and excluding food and energy, an increase of 0.1% is recorded.

In addition to the US Q1 GDP Revision expected of us today, no important data will be more from other Parts of the world.

EUR/JPY relevant levels

Currently, the daily loss of -0.41 of% 124,38 and the next supports is at 124,52 (Deep 23. May), 124,09 (20-day SMA) and 122,52 (Tief 18. May). On the other hand, Resistances can be found at 125,83 (2017 High 25. May), 126,50 (High 28. April 2016) and 128,26 (to the power of 31. March 2016).

** FXStreet News Editorial, FXStreet**

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