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12 Nov 2014
EUR/JPY consolidates below 144.00
FXStreet (Córdoba) - The euro is falling on Wednesday against the yen, erasing part of yesterday’s gains. EUR/JPY bottomed during the European session at 143.32 and currently trades at 143.60, down 0.32% for the day.
EUR/JPY reverses from 2014 highs
During the Asian session the pair climbed to 144.68 reaching a fresh 2014 high but failed to hold. Initially found support at 143.75 but then broke below and dropped to 143.35.
Since European hours the pair has been trading sideways in a range with support at 143.30/35 and resistance at 143.80/85. EUR/JPY is consolidating, after making a bearish correction of the 250-pip rally from Monday’s low at 142.08 to 144.68.
EUR/JPY reverses from 2014 highs
During the Asian session the pair climbed to 144.68 reaching a fresh 2014 high but failed to hold. Initially found support at 143.75 but then broke below and dropped to 143.35.
Since European hours the pair has been trading sideways in a range with support at 143.30/35 and resistance at 143.80/85. EUR/JPY is consolidating, after making a bearish correction of the 250-pip rally from Monday’s low at 142.08 to 144.68.