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17 Dec 2013
EUR/JPY: Sideways around 141.70
FXstreet.com (Córdoba) - The EUR/JPY finished Monday practically unchanged from Friday's closing price at 141.70/80. On European hours reached a daily high at 142.10 and pulled back during the American session to 141.44. The Euro was among the best performers during the European session supported by economic data from the Eurozone, sending the EUR/JPY to the upside.
Technical perspective for the EUR/JPY
From current price level at 141.80 barriers to the upside could be seen at 142.10 (December 10, 16 high), 142.50 and 142.80 (December 13 high). Support levels might lie at 141.40 (American session low), 141.20 (Dec 16 low) and 140.90 (Dec 11 low).
According to analysts at MIG Bank, the long-term technical structure remains positive as long as the support at 131.15 holds while they see at 147.04 a key resistance.
Technical perspective for the EUR/JPY
From current price level at 141.80 barriers to the upside could be seen at 142.10 (December 10, 16 high), 142.50 and 142.80 (December 13 high). Support levels might lie at 141.40 (American session low), 141.20 (Dec 16 low) and 140.90 (Dec 11 low).
According to analysts at MIG Bank, the long-term technical structure remains positive as long as the support at 131.15 holds while they see at 147.04 a key resistance.