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17 Apr 2014
EUR/JPY hits daily highs
FXStreet (Córdoba) - The EUR/JPY spiked to daily highs in a bout of euro demand seen during the European session although without a clear catalyst.
The EUR/JPY resumed the upside after the latest bearish correction was contained by the 140.95 zone and climbed more than half a cent to a daily high of 141.51 in recent dealings. At time of writing, the EUR/JPY is trading at 141.45, recording a 0.16% gain Thursday, with trading likely to remain subdued for the rest of the week given the Easter break.
EUR/JPY levels to watch
In terms of technical levels, the EUR/JPY could find immediate resistances at 141.51 (Apr 17 high), 141.75 (Apr 16 high) and 142.00 (psychological level). On the other hand, supports are seen at 140.98 (Apr 17 low) and 140.64 (Apr 16 low) ahead of 140.22 (Apr 15 low).
The EUR/JPY resumed the upside after the latest bearish correction was contained by the 140.95 zone and climbed more than half a cent to a daily high of 141.51 in recent dealings. At time of writing, the EUR/JPY is trading at 141.45, recording a 0.16% gain Thursday, with trading likely to remain subdued for the rest of the week given the Easter break.
EUR/JPY levels to watch
In terms of technical levels, the EUR/JPY could find immediate resistances at 141.51 (Apr 17 high), 141.75 (Apr 16 high) and 142.00 (psychological level). On the other hand, supports are seen at 140.98 (Apr 17 low) and 140.64 (Apr 16 low) ahead of 140.22 (Apr 15 low).