16 Dec 2014
EUR/JPY hovers around Technical support
FXStreet (Mumbai) - The single currency has recovered part of its losses against the Japanese Yen ahead of the US session to trade above a key technical support of 145.71 on the daily charts.
The EUR/JPY pair now trades 0.75% lower at 145.76 levels, after having recovered from a low of 144.97 hit earlier today. Moreover, the EUR/USD pair gained sharply to 1.2530 levels during the last couple of hours, while the USD/JPY recovered from the low of 115.58 levels, to trade at 116.22 levels at the time of writing. The weakness in the US treasury yields helped the single currency gain strength against the greenback, while the Yen saw a technical correction against the US dollar.
EUR/JPY Technical Levels
The pair has an immediate support located at 145.71 (Dec, 27 high), below which losses could be extended to 145.00 levels. Meanwhile, resistance is seen at 146.26 and 146.85 levels.
The EUR/JPY pair now trades 0.75% lower at 145.76 levels, after having recovered from a low of 144.97 hit earlier today. Moreover, the EUR/USD pair gained sharply to 1.2530 levels during the last couple of hours, while the USD/JPY recovered from the low of 115.58 levels, to trade at 116.22 levels at the time of writing. The weakness in the US treasury yields helped the single currency gain strength against the greenback, while the Yen saw a technical correction against the US dollar.
EUR/JPY Technical Levels
The pair has an immediate support located at 145.71 (Dec, 27 high), below which losses could be extended to 145.00 levels. Meanwhile, resistance is seen at 146.26 and 146.85 levels.