18 Dec 2014
EUR/JPY slides, holds above 146 handle
FXStreet (Mumbai) - The single currency lost strength against the Japanese yen as the Euro fails to find a footing against the US dollar.
Currently, the EUR/JPY pair trades at 146.10, down -0.21%, after having clocked day’s high at 146.59 levels earlier in the day. The Euro continued to trade lower against the yen, ignoring cheerful German Ifo survey. The EUR/JPY pair remains pressured as long as the Euro weakens against the green back. The EUR/USD pair now trades at 1.2327 levels, down -0.14% on the day.
EUR/JPY Technical Levels
To the upside, the next resistance is located at 146.81 (Dec 17 High) and above which it could extend gains to 147.23 (200-day SMA) levels. To the downside, immediate support might be located at 145.30 (Dec 17 Low) and below that at 145 levels.
Currently, the EUR/JPY pair trades at 146.10, down -0.21%, after having clocked day’s high at 146.59 levels earlier in the day. The Euro continued to trade lower against the yen, ignoring cheerful German Ifo survey. The EUR/JPY pair remains pressured as long as the Euro weakens against the green back. The EUR/USD pair now trades at 1.2327 levels, down -0.14% on the day.
EUR/JPY Technical Levels
To the upside, the next resistance is located at 146.81 (Dec 17 High) and above which it could extend gains to 147.23 (200-day SMA) levels. To the downside, immediate support might be located at 145.30 (Dec 17 Low) and below that at 145 levels.