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22 Oct 2013
EUR/JPY exhausted? giving in 134.30
FXstreet.com (Chicago) – EUR/JPY reached 134.37 session highs to retrace below the 134.30 struggling to maintain performance ahead of Tokyo’s opening.
EUR/JPY Technical Levels
Technically speaking, the pair is offered at 134.28 to oscillate between the supports aligned at 134.18 (October 18th highs), 133.84 (October 16th highs) ahead of 133.54 (October 10th highs) and the resistances aligned at 134.69 (September 20th highs), 135 (September 18th highs) followed by 135.88 (November 8th 2009 peaks).
The pair respects the upward trendline with speedier climb since last October 16th lows. On 1HR charts, momentum seems to be losing strength before Tokyo’s opening. The primary trend continues pointing up.
EUR/JPY Technical Levels
Technically speaking, the pair is offered at 134.28 to oscillate between the supports aligned at 134.18 (October 18th highs), 133.84 (October 16th highs) ahead of 133.54 (October 10th highs) and the resistances aligned at 134.69 (September 20th highs), 135 (September 18th highs) followed by 135.88 (November 8th 2009 peaks).
The pair respects the upward trendline with speedier climb since last October 16th lows. On 1HR charts, momentum seems to be losing strength before Tokyo’s opening. The primary trend continues pointing up.