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9 Sep 2013
EUR/JPY climbs above 132.00
FXstreet.com (Córdoba) - The EUR/JPY managed to rise past the 132.00 mark and printed a fresh 2-week high during the American session, helped by the EUR/USD rally.
EUR/JPY rose over 120 pips and peaked at 132.20 during the American session before finding resistance. However, the downside seems pretty much contained by the 132.00 psychological level, confining the cross to a phase of consolidation.
EUR/JPY technical levels
At time of writing, EUR/JPY is trading at the 132.05/10 zone, recording a 0.6% gain since opening, and having left a weekly opening gap at 130.80. Immediate resistances are now seen at 130.20 (daily high) and 130.40 (Aug 23 high), while supports could be found at 132.00 (psychological level) and 130.97 (daily low) ahead of 130.80 (Friday’s closing price).
EUR/JPY rose over 120 pips and peaked at 132.20 during the American session before finding resistance. However, the downside seems pretty much contained by the 132.00 psychological level, confining the cross to a phase of consolidation.
EUR/JPY technical levels
At time of writing, EUR/JPY is trading at the 132.05/10 zone, recording a 0.6% gain since opening, and having left a weekly opening gap at 130.80. Immediate resistances are now seen at 130.20 (daily high) and 130.40 (Aug 23 high), while supports could be found at 132.00 (psychological level) and 130.97 (daily low) ahead of 130.80 (Friday’s closing price).