Forex: EUR/JPY breaks the 131.00 to new highs of 3 years

FXstreet.com (Barcelona) - the EUR/JPY has gotten today finally overcome the previous Maxima 3 years April 11 at 131.11, to mark a new high at 131.72, exclusively with the weakness of the yen, which lost almost - 2% on the day against the USD. The Euro for its part has also had heavy losses coming to negotiate minimum to 1.3010 USD late in New York, to break the level of 100 yen per USD, which has caused strong USD purchases across the Board.

Finally at 131.20, slightly above the previous mentioned maximum, the Tokyo market prepares to open other new highs of more than 5 years in the Nikkei, with over 13500 points, for the first time since January 2008. Crossing near WINS + 1% in what is week.

Resistance immediate upward for the EUR/JPY appears in the recent new highs of 3 years at 131.75, followed by August 19, 2009 at 132.11 minimums, and June 17, 2009 at 132.30 minimums. Downward, the closest support can be seen at the recent lows of session to 131.07, followed earlier on Monday/Tuesday/Wednesday to 130.43/37 weekly maximums and minimums yesterday at 129.60.

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