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15 Dec 2014
EUR/JPY back to mid-range
FXStreet (Córdoba) - EUR/JPY oscillated sharply during the Asian session as the market digested Japanese election results, but managed to steady in a narrower range during the European trade.
EUR/JPY moved lower at the weekly opening and hit a low of 146.81 before bouncing sharply to a daily high of 148.22. However, the pair lost momentum and entered a consolidation phase within 147.10-147.70 over the last hours. At time of writing, EUR/JPY is trading at 147.55, still 0.26% below its opening price.
EUR/JPY technical levels
In terms of technical levels, immediate resistances are seen at 148.23 /daily high), 148.87 (Dec 9 high) and 149.00 (psychological level). On the other hand, supports could be found at 146.81 (daily low), 146.41 (Dec 11 low) and 146.29 (Nov 25 low).
EUR/JPY moved lower at the weekly opening and hit a low of 146.81 before bouncing sharply to a daily high of 148.22. However, the pair lost momentum and entered a consolidation phase within 147.10-147.70 over the last hours. At time of writing, EUR/JPY is trading at 147.55, still 0.26% below its opening price.
EUR/JPY technical levels
In terms of technical levels, immediate resistances are seen at 148.23 /daily high), 148.87 (Dec 9 high) and 149.00 (psychological level). On the other hand, supports could be found at 146.81 (daily low), 146.41 (Dec 11 low) and 146.29 (Nov 25 low).