13 Feb 2014
EUR/JPY spikes to daily highs
FXStreet (Córdoba) - The EUR/JPY spiked to fresh daily highs following the EUR/USD to the upside in a sudden move that doesn't appear to be news driven.
The EUR/JPY, which was trading at daily lows, jumped nearly 80 pips in a matter of minutes and reached a high of 139.67. However, the euro failed to sustain gains and pulled back to opening levels to currently trade around 139.30, virtually unchanged since opening.
EUR/JPY technical levels
In terms of technical levels, the EUR/JPY could face immediate resistances at 139.67 (Feb 13 high), 140.00/02 (psychological level/Feb 12 high) and 104.30 (Feb 11 high). On the other hand, supports are seen at 138.85 (Feb 12 low), 138.66 (Feb 11 low) and 138.40 (200-hour SMA).
The EUR/JPY, which was trading at daily lows, jumped nearly 80 pips in a matter of minutes and reached a high of 139.67. However, the euro failed to sustain gains and pulled back to opening levels to currently trade around 139.30, virtually unchanged since opening.
EUR/JPY technical levels
In terms of technical levels, the EUR/JPY could face immediate resistances at 139.67 (Feb 13 high), 140.00/02 (psychological level/Feb 12 high) and 104.30 (Feb 11 high). On the other hand, supports are seen at 138.85 (Feb 12 low), 138.66 (Feb 11 low) and 138.40 (200-hour SMA).