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30 Sep 2013
EUR/JPY retreats from 133.26 highs
FXstreet.com (Chicago) - EUR/JPY reached 133.26 session highs to retreat below the 133 zone and trade consolidating the 132.70 zone.
Sea of losses
Europe closed with losses with the CAC 40 down 1.03%, the DAX down 0.77% and the Euronext down 0.66%. ECB’s Mersch said the bank was facing logistical challenges and that Europe was still fragile and was still on crisis. In Japan, waiting for the tankan results, the Nikkei closed at 2.06%.
EUR/JPY Technical Levels
Technically speaking, the pair trades at 132.81 and oscillates between supports aligned at 132.60 (September 17th highs), 132.22 (September 6th highs) ahead of 131.83 (September 17th lows) and the resistances set at 133 (September 23rd lows), 133.30 (September 11th highs) followed by 133.58 (September 25th highs). According to the FXstreet.com trend index, the pair is slightly bullish on one-hour timeframe analysis. The ICN technical analysis team reports the pair to the upside on short-term trend targeting 140.00 if 125.95 remains intact.
Sea of losses
Europe closed with losses with the CAC 40 down 1.03%, the DAX down 0.77% and the Euronext down 0.66%. ECB’s Mersch said the bank was facing logistical challenges and that Europe was still fragile and was still on crisis. In Japan, waiting for the tankan results, the Nikkei closed at 2.06%.
EUR/JPY Technical Levels
Technically speaking, the pair trades at 132.81 and oscillates between supports aligned at 132.60 (September 17th highs), 132.22 (September 6th highs) ahead of 131.83 (September 17th lows) and the resistances set at 133 (September 23rd lows), 133.30 (September 11th highs) followed by 133.58 (September 25th highs). According to the FXstreet.com trend index, the pair is slightly bullish on one-hour timeframe analysis. The ICN technical analysis team reports the pair to the upside on short-term trend targeting 140.00 if 125.95 remains intact.