16 Dec 2013
EUR/JPY approaches 142.00 after Tankan
FXstreet.com (Córdoba) - The EUR/JPY started the week trading at the same price level it closed on Friday around 141.80 and gain momentum after economic data from Japan, approaching 142.00.
EUR/JPY after Tankan
The EUR/JPY reached the highest price since 2008 on Friday, at 142.82 and pulled back afterwards, finding support at 141.40 and closed at 141.80, with a weekly gain of 60 pips. Recently, after the results of the Tankan economic survey, the pair rose slightly to 141.90.
Most components of the survey showed improvements from the prior report but comparing with expectations the Tankan report represented mixed economic data.
EUR/JPY technical levels
To the upside, above 142.00 resistance levels could be located at 142.20 (Dec 10 high), 142.50 and 142.85 (2013 high). Support is seen at 141,40 (Dec 13 low), 140.90 (Dec 12 low) and 140.45.
EUR/JPY after Tankan
The EUR/JPY reached the highest price since 2008 on Friday, at 142.82 and pulled back afterwards, finding support at 141.40 and closed at 141.80, with a weekly gain of 60 pips. Recently, after the results of the Tankan economic survey, the pair rose slightly to 141.90.
Most components of the survey showed improvements from the prior report but comparing with expectations the Tankan report represented mixed economic data.
EUR/JPY technical levels
To the upside, above 142.00 resistance levels could be located at 142.20 (Dec 10 high), 142.50 and 142.85 (2013 high). Support is seen at 141,40 (Dec 13 low), 140.90 (Dec 12 low) and 140.45.