Back
24 Dec 2014
EUR/JPY consolidated on the bid sub 147 handle
FXStreet (Guatemala) - EUR/JPY is trading at 146.96, down -0.03% on the day, having posted a daily high at 147.05 and low at 146.81.
EUR/JPY is confined to a tight range just under the 147 handle and supported at 146.80/70. The Yen is on the back-foot while the greenback remains in the driving seat.
At the same time, the euro is trading at the lowest levels for 2014. July 2012 low of 1.2040 is the target in an environment that is set to shorter of the euro at the start of 2015 currently, stalling the crosses advance. Meanwhile, Valeria Bednarik, chief analyst at FXStreet explained that, in the 4 hours chart, the technical picture is also neutral with some follow through above 147.30 required to see the pair gaining some bullish track.
EUR/JPY is confined to a tight range just under the 147 handle and supported at 146.80/70. The Yen is on the back-foot while the greenback remains in the driving seat.
At the same time, the euro is trading at the lowest levels for 2014. July 2012 low of 1.2040 is the target in an environment that is set to shorter of the euro at the start of 2015 currently, stalling the crosses advance. Meanwhile, Valeria Bednarik, chief analyst at FXStreet explained that, in the 4 hours chart, the technical picture is also neutral with some follow through above 147.30 required to see the pair gaining some bullish track.