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10 Sep 2013
EUR/JPY clings to robust gains
FXstreet.com (Lisbon) - The EUR/JPY technical cross has steadily retraced back higher to threaten recent highs at 132.71 Tuesday during European trading.
EUR/JPY technical levels
In these moments, the EUR/JPY is now trading at 132.61, advancing at a rate of +0.45% above its opening. Glancing at the technicals, the EUR/JPY remains capped by resistances at 132.74, onto 133.31, and 133.82, notes the Danske Research Team.
EUR/GBP strategic bias
According to the Technical Analyst Team at ICN.com, “The EUR/JPY showed sideways trading after it consolidated above 132.00, but receives constant support from the Moving Average 50. That boosts chances for the continuation of the uptrend on intraday and short-term bases. We expect targets at 132.70 then extending toward 133.75 but they require the price to consolidate above 130.85 in order to achieve our targets.”
EUR/JPY technical levels
In these moments, the EUR/JPY is now trading at 132.61, advancing at a rate of +0.45% above its opening. Glancing at the technicals, the EUR/JPY remains capped by resistances at 132.74, onto 133.31, and 133.82, notes the Danske Research Team.
EUR/GBP strategic bias
According to the Technical Analyst Team at ICN.com, “The EUR/JPY showed sideways trading after it consolidated above 132.00, but receives constant support from the Moving Average 50. That boosts chances for the continuation of the uptrend on intraday and short-term bases. We expect targets at 132.70 then extending toward 133.75 but they require the price to consolidate above 130.85 in order to achieve our targets.”