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24 Dec 2014
EUR/JPY trades below 147 handle
FXStreet (Mumbai) - The single dropped against the Japanese counterpart in mid-Asian session, reversing three consecutive days of gains.
Currently, the EUR/JPY pair trades at 146.52 levels, down -0.27% on the day, after posting day’s high of 147.01 levels. The Euro is likely to stay pressured against the yen, as the Japanese currency rebounds from two-week lows against the US dollar. The USD/JPY pair hit fresh daily lows of 120.32 levels, down -0.31% on the day.
Trading is expected to remain subdued amid thin liquidity as traders are away on Christmas holidays.
EUR/JPY Technical Levels
To the upside, the next resistance is located at 147.01 (Today’s High) and above which it could extend gains to 147.16 (Dec 23 High) levels. To the downside, immediate support might be located at 146.22 (Dec 15 Low) and below that at 145.90 (Dec 19 Low) levels.
Currently, the EUR/JPY pair trades at 146.52 levels, down -0.27% on the day, after posting day’s high of 147.01 levels. The Euro is likely to stay pressured against the yen, as the Japanese currency rebounds from two-week lows against the US dollar. The USD/JPY pair hit fresh daily lows of 120.32 levels, down -0.31% on the day.
Trading is expected to remain subdued amid thin liquidity as traders are away on Christmas holidays.
EUR/JPY Technical Levels
To the upside, the next resistance is located at 147.01 (Today’s High) and above which it could extend gains to 147.16 (Dec 23 High) levels. To the downside, immediate support might be located at 146.22 (Dec 15 Low) and below that at 145.90 (Dec 19 Low) levels.