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16 Dec 2013
EUR/JPY found grounds at 141.70?
FXstreet.com (Chicago) - EUR/JPY extended the bearish channel after retracing from the 142.15 session highs.
EUR/JPY Technical Levels
Technically speaking, the pair stalls around the 141.60/79 zones after failing to break through immediate resistance at 142.10 during the Asian and European trading sessions. Offered at 141.72, the pair is navigating between the supports aligned at 141.43 (December 7th highs), 140 (December 2nd highs) ahead of 138.79 (November 28th highs) and the resistances set at 142.10 (December 10th highs), 142.84(December 12th highs) followed by 143.46 (August 1st 2005 highs). According to the FXstreet.com trend index on one-hour timeframe analysis, the pair is slightly bullish and presents a neutral EMA20.
EUR/JPY Technical Levels
Technically speaking, the pair stalls around the 141.60/79 zones after failing to break through immediate resistance at 142.10 during the Asian and European trading sessions. Offered at 141.72, the pair is navigating between the supports aligned at 141.43 (December 7th highs), 140 (December 2nd highs) ahead of 138.79 (November 28th highs) and the resistances set at 142.10 (December 10th highs), 142.84(December 12th highs) followed by 143.46 (August 1st 2005 highs). According to the FXstreet.com trend index on one-hour timeframe analysis, the pair is slightly bullish and presents a neutral EMA20.