Above 122.00 EURJPY Survive

Learn Forex News : EURJPY last seen at 122.53, off its daily low at 122.02 points, and fell as much as 1.62% for the week. Currency pair closed the gap down which starts this week, but still not able to move up even further, noting the weekly high on Wednesday at 124.52 points, a figure equal to the closing on Friday. The new BoJ governor, Kuroda will hold a press conference today in Tokyo, in order to provide a statement to address the problem of deflation in Japan.

Support close to the movement was in the low down on Thursday at 122.02, followed by 121.80 low on Tuesday and Monday's low at 121.50 weekly. In order to increase the movement, resistance is low near the Asia Pacific session Monday at 122.70, followed by the low March 8 at 123.80 and the high on Tuesday / March 14 at 124.10 low.