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11 Feb 2014
EUR/JPY hits 2-week high above 140.00
FXStreet (Córdoba) - The euro managed to advance against the dollar and the yen Tuesday amid better risk sentiment, with EUR/JPY printing a 2-week high during the European trade.
EUR/JPY fails to consolidate above 140.00
The EUR/JPY climbed nearly 70 pips throughout the day and pierced above the 140.00 psychological level to hit a high of 140.07 before facing resistance and pulling back. At time of writing, the EUR/JPY is trading at the 139.90 zone, recording a 0.4% gain on the day with no European data in the calendar today.
EUR/JPY levels to watch
As for technical levels, the EUR/JPY could find immediate resistances at 140.07 (Feb 11 high), 140.97/141.00 (Jan 28 high/psychological level) and 141.15 (50-day SMA). On the flip side, supports are seen at 139.35 (Feb 11 low), 139.15 (Feb 10 low) and 139.00 (psychological level).
EUR/JPY fails to consolidate above 140.00
The EUR/JPY climbed nearly 70 pips throughout the day and pierced above the 140.00 psychological level to hit a high of 140.07 before facing resistance and pulling back. At time of writing, the EUR/JPY is trading at the 139.90 zone, recording a 0.4% gain on the day with no European data in the calendar today.
EUR/JPY levels to watch
As for technical levels, the EUR/JPY could find immediate resistances at 140.07 (Feb 11 high), 140.97/141.00 (Jan 28 high/psychological level) and 141.15 (50-day SMA). On the flip side, supports are seen at 139.35 (Feb 11 low), 139.15 (Feb 10 low) and 139.00 (psychological level).