23 Dec 2014
EUR/JPY rises for the third consecutive day
FXStreet (Mumbai) - The EUR/JPY pair has extended gains for the third consecutive day, after having bounced-off from the 5-DMA level located at 146.71 levels.
The pair currently trades 0.17% higher at 147.06 levels, compared to the previous session’s close of 146.84. Moreover, the EUR/USD pair rose to 1.2240, after the French third quarter GDP data showed a rise in consumer spending. Meanwhile, the USD/JPY pair trades comfortably above the 120.00 levels in anticipation of an upwardly revised US third quarter GDP, along with a rise in the durable goods orders. Thus, the EUR/JPY cross has been pushed above 147.00 levels.
EUR/JPY Technical Levels
The pair has an immediate support located at 146.71 (5-DMA), under which losses could be extended to 146.51 levels. On the other hand, resistance is located at 147.15 and 148.00 levels.
The pair currently trades 0.17% higher at 147.06 levels, compared to the previous session’s close of 146.84. Moreover, the EUR/USD pair rose to 1.2240, after the French third quarter GDP data showed a rise in consumer spending. Meanwhile, the USD/JPY pair trades comfortably above the 120.00 levels in anticipation of an upwardly revised US third quarter GDP, along with a rise in the durable goods orders. Thus, the EUR/JPY cross has been pushed above 147.00 levels.
EUR/JPY Technical Levels
The pair has an immediate support located at 146.71 (5-DMA), under which losses could be extended to 146.51 levels. On the other hand, resistance is located at 147.15 and 148.00 levels.