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5 Feb 2015
EUR/JPY climbs to test yesterday’s highs
FXStreet (Córdoba) - EUR/JPY rose almost a hundred pips during the last hour and printed a fresh daily high at 135.15. The pair was trading around 134.90/95, consolidating a daily gains of 200 pips. A decline of the US dollar and the yen across the board pushed EUR/JPY to the upside.
The pair recovered sharply after falling yesterday from 135.35 (2-week high) to 132.50. The area between 132.25 and 132.50 has become the key short term support that capped the decline during the last five trading days.
To the upside, above 135.35, the next resistance level to watch could be located at 135.70/80 (Jan 12 low, Jan 16 high) and then 136.50.
The pair recovered sharply after falling yesterday from 135.35 (2-week high) to 132.50. The area between 132.25 and 132.50 has become the key short term support that capped the decline during the last five trading days.
To the upside, above 135.35, the next resistance level to watch could be located at 135.70/80 (Jan 12 low, Jan 16 high) and then 136.50.