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22 May 2014
EUR/JPY moving up to test 139 again
FXStreet (Guatemala) - EUR/JPY is trading at 138.94, up 0.17% on the day, having posted a daily high at 139.16 and low at 138.64.
EUR/JPY is testing the upper band of the move through 139.00 while the ascending trend is slowing down and meeting offers 139.10/15. Meanwhile, FX strategists at the Bank of Tokyo Mitsubishi UFJ note that the "Inflows into peripheral euro-zone sovereign debt also appear to have eased in the near-term providing less support for the euro. Weaker than expected euro-zone economic growth in Q1 has in part triggered a widening in the euro-zone sovereign credit risk premium weighing on the euro."
EUR/JPY Levels
With spot trading at 138.98, we can see next resistance ahead at 139.08 (Daily Classic R1), 139.16 (Daily High), 139.28 (Weekly High), 139.37 (Hourly 200 SMA) and 139.42 (Daily Classic R2). Support below can be found at 138.96 (Yesterday's High), 138.86 (Hourly 100 SMA), 138.86 (Hourly 20 EMA), 138.75 (Daily Open) and 138.73 (Monthly Low).
EUR/JPY is testing the upper band of the move through 139.00 while the ascending trend is slowing down and meeting offers 139.10/15. Meanwhile, FX strategists at the Bank of Tokyo Mitsubishi UFJ note that the "Inflows into peripheral euro-zone sovereign debt also appear to have eased in the near-term providing less support for the euro. Weaker than expected euro-zone economic growth in Q1 has in part triggered a widening in the euro-zone sovereign credit risk premium weighing on the euro."
EUR/JPY Levels
With spot trading at 138.98, we can see next resistance ahead at 139.08 (Daily Classic R1), 139.16 (Daily High), 139.28 (Weekly High), 139.37 (Hourly 200 SMA) and 139.42 (Daily Classic R2). Support below can be found at 138.96 (Yesterday's High), 138.86 (Hourly 100 SMA), 138.86 (Hourly 20 EMA), 138.75 (Daily Open) and 138.73 (Monthly Low).