Back
24 Dec 2013
EUR/JPY erases daily gains
FXstreet.com (Córdoba) - The EUR/JPY retreated from highs and erased intraday gains after making a fresh bullish attempt at 5-year highs during the Asian session.
The EUR/JPY peaked at 142.86, just 3 pips shy of its 2013 high set at 142.89 last Wednesday, and staged a mild correction that extended to the 142.50 area during the European trade. However, the pair found support and settled in a range where it has spent the last hours. At time of writing, the EUR/JPY is trading at 142.60, virtually unchanged since opening.
EUR/JPY levels to watch
As for technical levels, the EUR/JPY could face next resistances at 142.86 (Dec 24 high/2013 Dec 18 high), 143.00 (psychological level) and 143.88 (Oct 6 2008 high). On the other hand, supports are seen at 142.49 (daily low), 142.08 (10-day SMA) and 141.85 (Dec 19 low).
The EUR/JPY peaked at 142.86, just 3 pips shy of its 2013 high set at 142.89 last Wednesday, and staged a mild correction that extended to the 142.50 area during the European trade. However, the pair found support and settled in a range where it has spent the last hours. At time of writing, the EUR/JPY is trading at 142.60, virtually unchanged since opening.
EUR/JPY levels to watch
As for technical levels, the EUR/JPY could face next resistances at 142.86 (Dec 24 high/2013 Dec 18 high), 143.00 (psychological level) and 143.88 (Oct 6 2008 high). On the other hand, supports are seen at 142.49 (daily low), 142.08 (10-day SMA) and 141.85 (Dec 19 low).