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20 Dec 2013
EUR/JPY cracks down to 142.10 bottoms
FXstreet.com (Chicago) - EUR/JPY continues getting stronger against a baffled yen this week as the US results and European economic data surprises positively. Trendless this week, the pair manages to sustain high performance but falls to 142.10 session lows.
EUR/JPY Technical Levels
Technically speaking, the pair is offered at 142.27 and oscillates between the supports aligned at 141.90 (December 16th highs), 140.98 (December 17th lows) ahead of 139.99 (December 2nd highs) and the resistances set at 142.69 (December 12th highs), 143.83 (October 20th 2005 highs) followed by 145.24 (April 1st 2006 highs). The consumer confidence results for December in Europe were -13.6 vs. expected -15 and past 15.4, revealing improvements.
EUR/JPY Technical Levels
Technically speaking, the pair is offered at 142.27 and oscillates between the supports aligned at 141.90 (December 16th highs), 140.98 (December 17th lows) ahead of 139.99 (December 2nd highs) and the resistances set at 142.69 (December 12th highs), 143.83 (October 20th 2005 highs) followed by 145.24 (April 1st 2006 highs). The consumer confidence results for December in Europe were -13.6 vs. expected -15 and past 15.4, revealing improvements.