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5 Feb 2015
EUR/JPY trades above 10-DMA
FXStreet (Mumbai) - EUR/JPY remained elevated during the European session, swinging between gains and losses in the Asian session as euro struggles hard to breach 1.14 levels, while the yen remains choppy ahead of US economic releases.
Holds above 133 handle
Currently, the EUR/JPY pair traded at 133.42 levels, up 0.32% on the day, retreating from previously posted day’s high at 133.71 levels. The cross in EUR/JPY will be influenced by set of macroeconomic data from the US later today, since there is no data expected from the Japan and Euro zone.
Besides, the Euro remains lifted against the yen on stronger than expected Germany’s factory orders data.
At the moment, EUR/USD trades 0.23% higher at 1.1371 levels, while USD/JPY trades flat.
EUR/JPY Levels to consider
To the upside, the next resistance is located at 134 and above which it could extend gains to at 134.40 levels. To the downside immediate support might be located at 133 levels below that at 132.50 levels.
Holds above 133 handle
Currently, the EUR/JPY pair traded at 133.42 levels, up 0.32% on the day, retreating from previously posted day’s high at 133.71 levels. The cross in EUR/JPY will be influenced by set of macroeconomic data from the US later today, since there is no data expected from the Japan and Euro zone.
Besides, the Euro remains lifted against the yen on stronger than expected Germany’s factory orders data.
At the moment, EUR/USD trades 0.23% higher at 1.1371 levels, while USD/JPY trades flat.
EUR/JPY Levels to consider
To the upside, the next resistance is located at 134 and above which it could extend gains to at 134.40 levels. To the downside immediate support might be located at 133 levels below that at 132.50 levels.