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17 Feb 2014
EUR/JPY confined to a range
FXStreet (Córdoba) - The EUR/JPY as most crosses in the FX market is enjoying a quiet trading session as US markets remain closed for Presidents' Day.
The EUR/JPY has spent the last hours within a narrow range, unable to set fresh direction amid low volume, after the bounce off levels sub 139.00 was capped by the 139.75 zone. At time of writing, the EUR/JPY is trading at the 139.65 zone, recording a 0.3% gain since opening.
EUR/JPY levels to watch
In terms of technical levels, the EUR/JPY could find immediate resistances at 139.75 (Feb 17 high), 140.05 (Feb 14 high) and 140.29 (Feb 11 high). On the flip side, supports are seen at 138.94 (Feb 17 low), 138.66 (Feb 12 low) and 138.15 (Feb 7 low).
The EUR/JPY has spent the last hours within a narrow range, unable to set fresh direction amid low volume, after the bounce off levels sub 139.00 was capped by the 139.75 zone. At time of writing, the EUR/JPY is trading at the 139.65 zone, recording a 0.3% gain since opening.
EUR/JPY levels to watch
In terms of technical levels, the EUR/JPY could find immediate resistances at 139.75 (Feb 17 high), 140.05 (Feb 14 high) and 140.29 (Feb 11 high). On the flip side, supports are seen at 138.94 (Feb 17 low), 138.66 (Feb 12 low) and 138.15 (Feb 7 low).