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9 Feb 2015
EUR/JPY 132.20 acting as key support - FXStreet
FXStreet (Guatemala) - Valeria Bednarik, chief analyst at FXStreet explained that the EUR/JPY traded higher in range last week, having set a weekly high of 135.53 mid last week.
Key Quotes:
"The pair however seems quite limited to the upside, by self EUR weakness, with the upside limited by the mentioned level."
"Short term, the 1 hour chart shows that the price holds above its moving averages, whilst indicators hover above their mid-lines, showing no directional strength at the time being."
"In the 4 hours chart the price hovers around a bearish 100 SMA, whilst indicators are flat above their mid-lines. The pair has been finding buyers lately in the 132.20 price zone, so it will take a clear break below the level to confirm renewed selling interest towards the 130.00 price zone."
Key Quotes:
"The pair however seems quite limited to the upside, by self EUR weakness, with the upside limited by the mentioned level."
"Short term, the 1 hour chart shows that the price holds above its moving averages, whilst indicators hover above their mid-lines, showing no directional strength at the time being."
"In the 4 hours chart the price hovers around a bearish 100 SMA, whilst indicators are flat above their mid-lines. The pair has been finding buyers lately in the 132.20 price zone, so it will take a clear break below the level to confirm renewed selling interest towards the 130.00 price zone."