8 Dec 2014
EUR/JPY bears keep control
FXStreet (Guatemala) - EUR/JPY is trading at 148.49, down -0.51% on the day, having posted a daily high at 149.81 and low at 148.19.
EUR/JPY has fallen back onto strong support here against the background of a disappointing German industrial production release in Europe which showed growth of just 0.2%m/m and 0.8%y/y. The Yen is strong, and vs the greenback, it has dropped below key supporting levels having been over bought but yet to test 120.20 properly. Until then, the cross remains, overall, in positive territory.
EUR/JPY key levels
Spot is presently trading at 148.49, and next resistance can be seen at 148.60 (Weekly Classic PP), 148.72 (Hourly 20 EMA), 148.99 (Daily Classic PP), 149.25 (Monthly High) and 149.25 (Weekly High). Support below can be found at 148.45 (Daily Classic S1), 148.20 (Yesterday's Low), 148.19 (Hourly 100 SMA), 148.19 (Daily Low) and 147.75 (Hourly 200 SMA).
EUR/JPY has fallen back onto strong support here against the background of a disappointing German industrial production release in Europe which showed growth of just 0.2%m/m and 0.8%y/y. The Yen is strong, and vs the greenback, it has dropped below key supporting levels having been over bought but yet to test 120.20 properly. Until then, the cross remains, overall, in positive territory.
EUR/JPY key levels
Spot is presently trading at 148.49, and next resistance can be seen at 148.60 (Weekly Classic PP), 148.72 (Hourly 20 EMA), 148.99 (Daily Classic PP), 149.25 (Monthly High) and 149.25 (Weekly High). Support below can be found at 148.45 (Daily Classic S1), 148.20 (Yesterday's Low), 148.19 (Hourly 100 SMA), 148.19 (Daily Low) and 147.75 (Hourly 200 SMA).