EUR/JPY tests 138.00 key level

FXStreet (San Francisco) - The EUR/JPY is testing the 138.00 area for fourth time since July 15 as the pair is joining pro-risk environment after US data and following a 50-pip up movement from 137.50.

Currently, EUR/JPY is trading at 137.93, up 0.69% on the day, having posted a daily high at 138.02 and low at 136.93. The hourly FXStreet OB/OS Index is showing extremely overbought conditions, alongside the FXStreet Trend Index which is slightly bullish.

EUR/JPY levels

If the pair manages to break above 138.00, the AUD/USD will face resistances at 138.40 and 138.80. On the downside, supports are at 137.50, 137.20 and 137.00.