9 May 2014
EUR/JPY resists above 140.50
FXStreet (Córdoba) - The EUR/JPY is enjoying a quieter session Friday after being heavily sold-off on the back of Draghi’s comments on potential June action.
The EUR/JPY lost nearly 2 cents within the last sessions but managed to stabilize above 140.50, having spent most of the day in a 30-pip range. With no Eurozone economic data scheduled for the rest of the session, the pair might just take a breather as the week draws to an end.
EUR/JPY technical levels
At time of writing, the EUR/JPY is trading at 140.58, 0.08% below its opening price, with immediate supports seen at 140.50 (May 9 low), 140.07 (Apr 8 low) and 139.95 (Mar 28 low). on the other hand, resistances could be found at 140.80 (May 9 high), 141.23 (100-day SMA) and 142.00 (psychological level).
The EUR/JPY lost nearly 2 cents within the last sessions but managed to stabilize above 140.50, having spent most of the day in a 30-pip range. With no Eurozone economic data scheduled for the rest of the session, the pair might just take a breather as the week draws to an end.
EUR/JPY technical levels
At time of writing, the EUR/JPY is trading at 140.58, 0.08% below its opening price, with immediate supports seen at 140.50 (May 9 low), 140.07 (Apr 8 low) and 139.95 (Mar 28 low). on the other hand, resistances could be found at 140.80 (May 9 high), 141.23 (100-day SMA) and 142.00 (psychological level).