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10 Jun 2014
EUR/JPY has the worst day in a month
FXStreet (Córdoba) - The EUR/JPY finished Tuesday trading around 138.65, down 0.53% having the third daily loss in a row and the worst day since early May. A weak Euro pushed the pair to the downside and below post ECB lows.
EUR/JPY technical levels
The EUR/JPY is retreating after being unable to break above 140.00. Now is approaching the 138.00 - 137.90 area where May lows lie. Below here the next support level to consider might be located at 137.40, followed by 137.00.
“In the 4 hours chart indicators are also giving some of downward exhaustion, yet price consolidates near the daily lows, still far from anticipating a recovery”, says Valeria Bednarik, Chief Analyst at FXStreet.
EUR/JPY technical levels
The EUR/JPY is retreating after being unable to break above 140.00. Now is approaching the 138.00 - 137.90 area where May lows lie. Below here the next support level to consider might be located at 137.40, followed by 137.00.
“In the 4 hours chart indicators are also giving some of downward exhaustion, yet price consolidates near the daily lows, still far from anticipating a recovery”, says Valeria Bednarik, Chief Analyst at FXStreet.