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28 Jan 2014
EUR/JPY ends above 140.00, far from lows
FXstreet.com (Córdoba) - After starting the week plummeting to 139.15 the EUR/JPY managed to recover and finished the day with moderate gains around 140.30, amid a weak Yen across the board. The Japanese currency was among the worst performers on Monday.
EUR/JPY recovers but still farm from last week levels
Despite the recovery eh EUR/JPY still seems under downside pressure as it holds below two important levels: 140.50 and 141.05. During last week the pair traded most of the time around 141.60 and then tumbled on Friday, falling almost 200 pips.
Short-term bias favors the downside, but so far it has been able to hold above 140.00. Immediate support below lies at 139.75 (recent session low) and then at 139.15 (January 27 low) and 139.00 (psychological level).
EUR/JPY recovers but still farm from last week levels
Despite the recovery eh EUR/JPY still seems under downside pressure as it holds below two important levels: 140.50 and 141.05. During last week the pair traded most of the time around 141.60 and then tumbled on Friday, falling almost 200 pips.
Short-term bias favors the downside, but so far it has been able to hold above 140.00. Immediate support below lies at 139.75 (recent session low) and then at 139.15 (January 27 low) and 139.00 (psychological level).