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1 Apr 2014
EUR/JPY rallies to fresh highs
FXStreet (San Francisco) - The Euro is extending gains against the Japanese Yen as the pair is joining a risk appetite environment and pro-euro trade in the American session. The EUR/JPY rallied from 142.15 priced overnight to reach fresh highs since March 13 at 142.95.
Currently, EUR/JPY is trading at 142.73, up 0.41% on the day, having posted a daily high at 142.95 and low at 142.00. The FXStreet OB/OS Index is reflecting overbought hourly conditions, while the FXStreet Trend Index is slightly bullish. Looking to momentum indicators, the hourly 200 SMA is currently at 141.90, up from the last close at 141.27 and climbing.
EUR/JPY levels
With spot trading at 142.73, we can see next resistance ahead at 142.74 (Daily Classic R1), 142.94 (Daily High), 143.06 (Weekly Classic R2), 143.34 (Monthly High) and 143.34 (Daily Classic R2).
Support below can be found at 142.63 (Yesterday's High), 142.39 (Hourly 20 EMA), 142.23 (Weekly Classic R1), 142.15 (Weekly High) and 142.13 (Daily Open).
Currently, EUR/JPY is trading at 142.73, up 0.41% on the day, having posted a daily high at 142.95 and low at 142.00. The FXStreet OB/OS Index is reflecting overbought hourly conditions, while the FXStreet Trend Index is slightly bullish. Looking to momentum indicators, the hourly 200 SMA is currently at 141.90, up from the last close at 141.27 and climbing.
EUR/JPY levels
With spot trading at 142.73, we can see next resistance ahead at 142.74 (Daily Classic R1), 142.94 (Daily High), 143.06 (Weekly Classic R2), 143.34 (Monthly High) and 143.34 (Daily Classic R2).
Support below can be found at 142.63 (Yesterday's High), 142.39 (Hourly 20 EMA), 142.23 (Weekly Classic R1), 142.15 (Weekly High) and 142.13 (Daily Open).