25 Nov 2013
EUR/JPY eases from 4-year high
FXstreet.com (Córdoba) - After reaching a 4-year high, the EUR/JPY found sellers and corrected some of its recent gains at the beginning of the American session.
EUR/JPY stalls ahead of 138.00
The EUR/JPY retreated from a high of 137.97 to a low of 137.35 where the setback was contained, confining the cross to a phase of consolidation. At time of writing, the EUR/JPY is trading at the 137.55 zone, still up 0.2% on the day, having climbed over 1.8% last week.
EUR/JPY technical levels
In terms of technical levels, the EUR/JPY could find immediate resistances at 137.97 (daily high) and 138.50 (Oct 26 2009 high). On the downside, the pair might face supports at 137.00 (daily low/psychological level) and 136.40 (Nov 21 high).
EUR/JPY stalls ahead of 138.00
The EUR/JPY retreated from a high of 137.97 to a low of 137.35 where the setback was contained, confining the cross to a phase of consolidation. At time of writing, the EUR/JPY is trading at the 137.55 zone, still up 0.2% on the day, having climbed over 1.8% last week.
EUR/JPY technical levels
In terms of technical levels, the EUR/JPY could find immediate resistances at 137.97 (daily high) and 138.50 (Oct 26 2009 high). On the downside, the pair might face supports at 137.00 (daily low/psychological level) and 136.40 (Nov 21 high).