CATEGORY EUR/JPY

No Image

EUR/JPY is getting bumpy

A high wave candle on the daily EUR/JPY chart augurs that the upward power of this market is dissipating.Closing the day below the 21-day simple moving average, this pair has thrown in a large bodied candlestick, with both upper and lower wicks summing…

READ MORE 

No Image

EUR/JPY struggles around 133.00

FXStreet (Córdoba) – The euro found support after suffering an over 100-pip drop versus the yen during the European session, with the pair now consolidating near lows.

EUR/JPY fell sharply, as the shared currency weakened across the board, and bottomed out at 132.76, its lowest level since the BCE decision last week. However, EUR/JPY managed to recover slightly, settling around the 133.00 mark over the last hours. At time of writing, EUR/JPY is trading at 133.06, recording a 0.61% loss on the day.

EUR/JPY levels to consider

In terms of technical levels, next supports are seen at 132.76 (Dec 10 low), 132.40 (10-day SMA) and then 131.78 (21-day SMA). On the other hand, resistances could be found at 134.10 (Dec 10 high/200-day SMA), 134.55/58 (100-day SMA/Dec 4 high) and then 135.00 (psychological level).

——-
What will 2016 bring to the Forex traders? Attend our Forex Forecast 2016 – The Panel with Ashraf Laidi, Valeria Bednarik, Boris Schlossberg, Adam Button, Ivan Delgado and Dale Pinkert. Register for the live event on Dec. 18thand get the recording too.
——-

The euro found support after suffering an over 100-pip drop versus the yen during the European session, with the pair now consolidating near lows.


(Market News Provided by FXstreet)

READ MORE 

WP: 4.52MB | MySQL:41 | 0.267sec