8 Dec 2014
EUR/JPY pulls back from 6-year high
FXStreet (Córdoba) - EUR/JPY retreated sharply from a fresh 6-year high amid profit taking and more hints at QE by ECB officials.
EUR/JPY reached its highest level since Oct 1 2008 at 149.77, but was dragged lower as the euro weakened and the yen cut losses across the board. The pair fell all the way back to 148.18 where it found support at the 100-hour SMA. At time of writing, EUR/JPY is trading at 149.30, 0.72% below its opening price.
EUR/JPY supports and resistances
In terms of technical levels, next resistances are seen at 149.77 (2014 high Dec 8) and 150.00 (psychological level). On the flip side, supports could be found at 149.18 (100-hour SMA) and 148.00 (psychological level).
EUR/JPY reached its highest level since Oct 1 2008 at 149.77, but was dragged lower as the euro weakened and the yen cut losses across the board. The pair fell all the way back to 148.18 where it found support at the 100-hour SMA. At time of writing, EUR/JPY is trading at 149.30, 0.72% below its opening price.
EUR/JPY supports and resistances
In terms of technical levels, next resistances are seen at 149.77 (2014 high Dec 8) and 150.00 (psychological level). On the flip side, supports could be found at 149.18 (100-hour SMA) and 148.00 (psychological level).