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11 Mar 2014
EUR/JPY ends below 143.00
FXStreet (Córdoba) - The EUR/JPY fell on Tuesday and finished below 143.00, the lowest close since last Wednesday. During all day the pair moved with a downside bias and bottomed during the American session at 142.61.
The Yen was among the best performers supported by risk aversion while the Euro remained resilient. Stocks in Wall Street finished lower while Nikkei 225 futures point to a negative opening.
Technical outlook for the EUR/JPY
“The hourly chart shows 100 SMA provides short term support around mentioned low, while indicators stand in negative territory, supporting some bearish continuation ahead,” says Valeria Bednarik, Chief Analyst at FXStreet.
The 4-hour charts according to Bednarik showed reading with a bearish tone “supports the shorter term view, confirmed with a price acceleration through 142.30 price zone”.
The Yen was among the best performers supported by risk aversion while the Euro remained resilient. Stocks in Wall Street finished lower while Nikkei 225 futures point to a negative opening.
Technical outlook for the EUR/JPY
“The hourly chart shows 100 SMA provides short term support around mentioned low, while indicators stand in negative territory, supporting some bearish continuation ahead,” says Valeria Bednarik, Chief Analyst at FXStreet.
The 4-hour charts according to Bednarik showed reading with a bearish tone “supports the shorter term view, confirmed with a price acceleration through 142.30 price zone”.