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13 Sep 2013
EUR/JPY trims weekly gains
FXstreet.com (Córdoba) - The shared currency came under broad pressure during the American session and hit fresh daily lows against the USD, the GBP and the JPY.
Against the yen, the euro is accumulating its third daily loss in a row, after being rejected from a 4-month high of 133.36. However, the EUR/JPY holds onto a 0.4% weekly gain. EUR/JPY dropped more than 80 pips over the last hours and bottomed out at 131.65 before bouncing back to the 132.00 area, where it is currently trading, 0.3% below its opening price.
EUR/JPY technical levels
In terms of technical levels, immediate supports are seen at 131.65 (daily low) and 131.25 (21-day SMA), while resistances could be found at 132.65 (daily high) and 133.00 (psychological level).
Against the yen, the euro is accumulating its third daily loss in a row, after being rejected from a 4-month high of 133.36. However, the EUR/JPY holds onto a 0.4% weekly gain. EUR/JPY dropped more than 80 pips over the last hours and bottomed out at 131.65 before bouncing back to the 132.00 area, where it is currently trading, 0.3% below its opening price.
EUR/JPY technical levels
In terms of technical levels, immediate supports are seen at 131.65 (daily low) and 131.25 (21-day SMA), while resistances could be found at 132.65 (daily high) and 133.00 (psychological level).