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10 Dec 2014
EUR/JPY extends pullback from 6-year high
FXStreet (Córdoba) - EUR/JPY entered a quieter phase Wednesday after a strong comeback of the yen dragged the pair below 147.00 the previous day.
However, euro recovery was held back by political uncertainty in Greece, keeping EUR/JPY capped by 148.25 and away from its 6-year scored Monday at 149.77. Having wavered in a 100-pip range today, the pair has steadied at mid-point around 147.70 over the last hours.
EUR/JPY technical levels
At time of writing, EUR/JPY is trading at 147.68, still 0.27% below its opening price, with immediate resistances seen at 148.25 (daily high), 148.87 (Dec 9 high) and 149.77 (2014 high Dec 8). On the flip side, supports could be found at 147.20 (20-day SMA), 147.00 (psychological level) and 146.79 (Dec 9 low).
However, euro recovery was held back by political uncertainty in Greece, keeping EUR/JPY capped by 148.25 and away from its 6-year scored Monday at 149.77. Having wavered in a 100-pip range today, the pair has steadied at mid-point around 147.70 over the last hours.
EUR/JPY technical levels
At time of writing, EUR/JPY is trading at 147.68, still 0.27% below its opening price, with immediate resistances seen at 148.25 (daily high), 148.87 (Dec 9 high) and 149.77 (2014 high Dec 8). On the flip side, supports could be found at 147.20 (20-day SMA), 147.00 (psychological level) and 146.79 (Dec 9 low).