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…
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).
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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)
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Forex technical analysis: EUR/JPY finds buyers at support
Floor area holds the line
The EURJPY is being influenced by technical buyers against the 133.059-133.256 area. Looking at the daily chart below, this area has a number of swing lows going back to May. There was one dip below in September, w…