Back
5 Jan 2015
EUR/JPY trades near Technical support
FXStreet (Mumbai) - The EUR/JPY pair trades near a critical support level of 143.77 on the weekly chart, after having ended below 144.45 levels last week.
The pair currently trades 0.51% lower for the day at 143.81 levels. The pair currently trades few pips above the weekly chart support located at 143.77 as it sees a bearish crossover between the 5-MA and 10-MA on the weekly charts. The pair may extend losses ahead in the day, if the final German CPI reading for December comes-in lower than the consensus estimate of 0.2% year-on-year.
EUR/JPY Technical Levels
The pair has an immediate support located at 143.77 (March 2014 high), under which losses could be extended to 143.14 (5-Month MA). Meanwhile, resistance is seen at 144.13 and 144.50 levels.
The pair currently trades 0.51% lower for the day at 143.81 levels. The pair currently trades few pips above the weekly chart support located at 143.77 as it sees a bearish crossover between the 5-MA and 10-MA on the weekly charts. The pair may extend losses ahead in the day, if the final German CPI reading for December comes-in lower than the consensus estimate of 0.2% year-on-year.
EUR/JPY Technical Levels
The pair has an immediate support located at 143.77 (March 2014 high), under which losses could be extended to 143.14 (5-Month MA). Meanwhile, resistance is seen at 144.13 and 144.50 levels.