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17 Apr 2014
EUR/JPY retreats but holds above 141.00
FXStreet (Córdoba) - The EUR/JPY pulled after peaking on European horus at 141.76 and found support at 141.15. Early in Asia the pair remains steady hovering around 141.20 after Tokyo’s opening.
Despite rising on Wednesday, the Euro finished far from the highs and unable to consolidate above importante short term resistance.
Technical levels for the the EUR/JPY
To the upside immediate resistance could be located at 141.50/55 and above here at 141.75 (April 16 high), 142.00 (psychological) and 142.25 (April 3 low). To the downside the EUR/JPY is trading barely above 141.15/20 that capped the downside during yesterday’s European and American session; below here the next support level might lie at 140.90 (April 14 high) and 140.40 (April 14 low).
Despite rising on Wednesday, the Euro finished far from the highs and unable to consolidate above importante short term resistance.
Technical levels for the the EUR/JPY
To the upside immediate resistance could be located at 141.50/55 and above here at 141.75 (April 16 high), 142.00 (psychological) and 142.25 (April 3 low). To the downside the EUR/JPY is trading barely above 141.15/20 that capped the downside during yesterday’s European and American session; below here the next support level might lie at 140.90 (April 14 high) and 140.40 (April 14 low).