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9 Feb 2015
EUR/JPY recovers from below 134.00
FXStreet (Córdoba) - EUR/JPY fell to a 4-day low sub-134.00 on Monday, as the yen strengthened amid risk aversion, while the euro was pressured by concerns about Greece. However, the pair managed to take back intraday losses at the beginning of the New York session as the EUR staged a comeback across the board.
EUR/JPY bounced off a low of 133.67 and regained the 134.00 level but the recovery was capped by the 134.65 area, confining the pair to a phase of consolidation. At time of writing, EUR/JPY is trading at 134.36, just a few pips below its opening price.
EUR/JPY levels to watch
In terms of technical levels, the pair could face immediate resistances at 134.65 (intraday level), 134.97/135.00 (daily high/psychological level) and 135.18 (Feb 6 high). On the other hand, supports are seen at 133.67 (daily low) and 133.00 (psychological level).
EUR/JPY bounced off a low of 133.67 and regained the 134.00 level but the recovery was capped by the 134.65 area, confining the pair to a phase of consolidation. At time of writing, EUR/JPY is trading at 134.36, just a few pips below its opening price.
EUR/JPY levels to watch
In terms of technical levels, the pair could face immediate resistances at 134.65 (intraday level), 134.97/135.00 (daily high/psychological level) and 135.18 (Feb 6 high). On the other hand, supports are seen at 133.67 (daily low) and 133.00 (psychological level).