8 Apr 2014
EUR/JPY plummets below 141.00
FXStreet (Córdoba) - The EUR/JPY dropped further during the American session and reached a fresh weekly low at 140.06. The pair accelerated to the downside after breaking below 140.70.
The Yen soared across the board pushing the EUR/JPY to the downside, despite the fact that eh EUR/USD holds around 1.3800.
Price continues near the lows and is approaching the 140.00 - 139.90 area that capped the downside two week agos. Below the next support level to consider lies at 139.10/15 (March 3 low). To the upside, resistance is now located at 140.70 and above here at 141.10 and 141.90.
The Yen soared across the board pushing the EUR/JPY to the downside, despite the fact that eh EUR/USD holds around 1.3800.
Price continues near the lows and is approaching the 140.00 - 139.90 area that capped the downside two week agos. Below the next support level to consider lies at 139.10/15 (March 3 low). To the upside, resistance is now located at 140.70 and above here at 141.10 and 141.90.