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2 Jan 2015
EUR/JPY stuck at 50-DMA
The EUR/JPY rose after the German manufacturing PMI in December jumped back into the expansion territory, although gains were capped at the 50-DMA located at 145.30 levels.
The pair now trades 0.09% higher at 145.09 levels, after having failed to extend gains from the day’s high of 145.33 levels. Moreover, the gains in the pair may have been capped due to a sharp slowdown in the French manufacturing activity to a 4-month low. Furthermore, the Eurozone manufacturing activity also slowed down slightly to 50.6 in December. Meanwhile, the USD/JPY pair eased slightly from the day’s high of 120.51 to trade at 120.42 levels.
EUR/JPY Technical Levels
The pair has an immediate resistance located at 145.30, above which gains could be extended to 145.60 levels. Meanwhile, support is located at 144.76 and 144.00 levels.
The pair now trades 0.09% higher at 145.09 levels, after having failed to extend gains from the day’s high of 145.33 levels. Moreover, the gains in the pair may have been capped due to a sharp slowdown in the French manufacturing activity to a 4-month low. Furthermore, the Eurozone manufacturing activity also slowed down slightly to 50.6 in December. Meanwhile, the USD/JPY pair eased slightly from the day’s high of 120.51 to trade at 120.42 levels.
EUR/JPY Technical Levels
The pair has an immediate resistance located at 145.30, above which gains could be extended to 145.60 levels. Meanwhile, support is located at 144.76 and 144.00 levels.