23 Dec 2013
EUR/JPY supported above 142.00
FXstreet.com (Córdoba) - The EUR/JPY started the week on a quiet note. Currently is rising marginally, trading at 142.40 up 0.05%, after rebounding from 142.10. Japanese markets will not open today amid a bank holiday, favoring a quiet trading session.
EUR/JPY technical levels
To the downside immediate support could be located at 142.10 (December 20 lows) and below at 141.85 and 141.60 while to the upside resistance comes at 142.75 (December 20 highs), 142.90 (2013 highs), 143.00 (psychological level) and 143.75.
“Overall, the upside prevails on the pair, with dips down to 141.00 attracting buyers, and a break beyond 142.90 is required to see a price acceleration higher,” says Valeria Bednarik, Chief Analyst at FXstreet.com.
EUR/JPY technical levels
To the downside immediate support could be located at 142.10 (December 20 lows) and below at 141.85 and 141.60 while to the upside resistance comes at 142.75 (December 20 highs), 142.90 (2013 highs), 143.00 (psychological level) and 143.75.
“Overall, the upside prevails on the pair, with dips down to 141.00 attracting buyers, and a break beyond 142.90 is required to see a price acceleration higher,” says Valeria Bednarik, Chief Analyst at FXstreet.com.