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28 Nov 2013
EUR/JPY nears 2009 high
FXstreet.com (Córdoba) - The EUR/JPY extended gains into a sixth day Thursday and printed yet another 4 ½-year high as the yen came under pressure amid better risk appetite and rising stocks.
The EUR/JPY broke above the 139.00 psychological level and climbed to its highest level since Jun 2009 at 139.17. However, the pair lost momentum amid thin volume and settled in a slim range where it has spent the last hours. If the EUR/JPY breaks above 139.26, it will be trading at its strongest since October 2008.
EUR/JPY technical levels
The EUR/JPY is currently trading at the 139.05 area, recording a 0.3% gain Thursday. In terms of technical level, the pair could face immediate resistances at 139.26 (June 2009 high) and 140.00 (psychological level). On the downside, supports are seen at 138.30 (daily low) and 138.00 (psychological level).
The EUR/JPY broke above the 139.00 psychological level and climbed to its highest level since Jun 2009 at 139.17. However, the pair lost momentum amid thin volume and settled in a slim range where it has spent the last hours. If the EUR/JPY breaks above 139.26, it will be trading at its strongest since October 2008.
EUR/JPY technical levels
The EUR/JPY is currently trading at the 139.05 area, recording a 0.3% gain Thursday. In terms of technical level, the pair could face immediate resistances at 139.26 (June 2009 high) and 140.00 (psychological level). On the downside, supports are seen at 138.30 (daily low) and 138.00 (psychological level).