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18 Oct 2013
EUR/JPY relentless to regain 134
FXstreet.com (Chicago) - EUR/JPY prints higher lows and highs ahead of Tokyo’s opening after consolidating break through above previous limits, now support.
EUR/JPY Technical Levels
Technically speaking, the [air extends bullish channel that originated after recovery two days ago, above the upward trendline from last October 8th. Offered at 133.94, the pair attempts regaining the 134 front and yet remains glued to immediate support (previously violated resistance). On the downside, supports are aligned at 133.92 (September 27th highs), 133.51 (October 12th highs) ahead of 133.22 (October 4th highs) and the resistances set at 134.25 (September 20th lows), 134.67 (September 22nd highs) followed by 134.96 (September 18th highs). According to the FXstreet.com trend index, the pair is slightly bullish and remains above the EMA20.
EUR/JPY Technical Levels
Technically speaking, the [air extends bullish channel that originated after recovery two days ago, above the upward trendline from last October 8th. Offered at 133.94, the pair attempts regaining the 134 front and yet remains glued to immediate support (previously violated resistance). On the downside, supports are aligned at 133.92 (September 27th highs), 133.51 (October 12th highs) ahead of 133.22 (October 4th highs) and the resistances set at 134.25 (September 20th lows), 134.67 (September 22nd highs) followed by 134.96 (September 18th highs). According to the FXstreet.com trend index, the pair is slightly bullish and remains above the EMA20.