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14 Dec 2015
EUR/JPY struggles around 133.00 after fresh highs
FXStreet (Córdoba) - The shared currency picked up pace at the beginning of the American session, climbing to fresh session highs versus major rivals and sending EUR/JPY back above 133.00.
EUR/JPY reversed early weakness and having climbed more than 80 pips over the last hours through the 50-day SMA, it peaked at 133.22 in recent dealings. At time of writing, the pair is trading at 133.07, up 0.19% on the day.
From a wider view, EUR/JPY continues to back away from monthly highs reached at 134.58 thanks to the ECB not-so-aggressive easing moves on Dec 3.
EUR/JPY technical levels
In terms of technical levels, immediate resistances could be found at 134.10 (200-day SMA) and 134.48 (100-day SMA). On the flip side, next supports are seen at 132.43 (Dec 14 low), 132.00 (psychological level) and 131.85 (21-day SMA).
EUR/JPY reversed early weakness and having climbed more than 80 pips over the last hours through the 50-day SMA, it peaked at 133.22 in recent dealings. At time of writing, the pair is trading at 133.07, up 0.19% on the day.
From a wider view, EUR/JPY continues to back away from monthly highs reached at 134.58 thanks to the ECB not-so-aggressive easing moves on Dec 3.
EUR/JPY technical levels
In terms of technical levels, immediate resistances could be found at 134.10 (200-day SMA) and 134.48 (100-day SMA). On the flip side, next supports are seen at 132.43 (Dec 14 low), 132.00 (psychological level) and 131.85 (21-day SMA).