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10 Dec 2014
EUR/JPY trades under 148 handle
FXStreet (Mumbai) - The Japanese yen marched higher against the Euro as the Japanese currency continues to strengthen against US dollar.
Currently, the EUR/JPY pair trades at 147.71 levels, down -0.24%, compared to yesterday’s close of 146.76. The euro weakened against the Japanese yen after Germany’s positive trade data did little to help the single currency. The downside in the pair was also seen as the Japanese yen continues to trade firm against the US dollar, taking USD/.JPY down to 119 levels.
EUR/JPY Technical Levels
To the upside, the next resistance is located at 147.95 (Dec 3 High), above which it could extend gains to 148.25 (Dec 2 High) and from here to 148.97 (Dec 4 High) levels. To the downside, immediate support might be located at 146.71 (Nov 28 Low) and below that at 146.38 (Nov 27 Low) and 145.80 levels.
Currently, the EUR/JPY pair trades at 147.71 levels, down -0.24%, compared to yesterday’s close of 146.76. The euro weakened against the Japanese yen after Germany’s positive trade data did little to help the single currency. The downside in the pair was also seen as the Japanese yen continues to trade firm against the US dollar, taking USD/.JPY down to 119 levels.
EUR/JPY Technical Levels
To the upside, the next resistance is located at 147.95 (Dec 3 High), above which it could extend gains to 148.25 (Dec 2 High) and from here to 148.97 (Dec 4 High) levels. To the downside, immediate support might be located at 146.71 (Nov 28 Low) and below that at 146.38 (Nov 27 Low) and 145.80 levels.