14 Jan 2014
EUR/JPY recovers above 141.00
FXstreet.com (Córdoba) - After falling for two days in a row the EUR/JPY is recovering ground on Tuesday early in Asia, despite a 2.50% decline in the Nikkei 225. The Yen is correcting lower across the board after posting strong gains on Monday.
EUR/JPY moving away from 1-month lows
After bottoming during US trading at 140.48 (lowest price since December 6) the EUR/JPY stabilized and gained momentum at the beginning of Tuesday rising back above 141.00.
Recently the pair hit a fresh daily high at 141.26; above immediate resistance lies at 141.50 (Yesterday's European session highs), 142.05 (January 7, 9 low) and 142.30. To the downside support levels could be located at 140.50 (January 13 low), 140.00 (psychological level) and 139.60 (December 4 high).
EUR/JPY moving away from 1-month lows
After bottoming during US trading at 140.48 (lowest price since December 6) the EUR/JPY stabilized and gained momentum at the beginning of Tuesday rising back above 141.00.
Recently the pair hit a fresh daily high at 141.26; above immediate resistance lies at 141.50 (Yesterday's European session highs), 142.05 (January 7, 9 low) and 142.30. To the downside support levels could be located at 140.50 (January 13 low), 140.00 (psychological level) and 139.60 (December 4 high).