EUR/JPY bounces hard at 138.50 and tests back the 139.00

FXStreet (San Francisco) - The EUR/JPY fell hard 50 pips from 139.00 to test the 138.50 area overnight; however, the pair managed to recover ground and now the turn back is complete with the Euro trading back at 139.00 against the Yen.

Currently, EUR/JPY is trading at 138.94, up 0.05% on the day, having posted a daily high at 139.06 and low at 138.54. The FXStreet OB/OS Index is reflecting neutral hourly conditions, while the FXStreet Trend Index is slightly bullish.

EUR/JPY levels

If the pair manages to break above 139.00, it would face resistances at 139.10 and 139.30. On the downside, 138.80, 138.50 and the 138.00 area are supports.