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26 Feb 2015
German consumer confidence fails to impress EUR/JPY pair
FXStreet (Mumbai) - The EUR/JPY pair remained unresponsive to an upbeat German Gfk consumer confidence data; trading around 135.20 levels.
EUR/JPY: hovers above 10-DMA
The pair is trading a couple of pips above the 10-DMA located at 135.13 after the German Gfk consumer confidence data for March came-in at 9.7, bettering the expected 9.5, and up from the previous month’s 9.3. The pair hardly moved despite an upbeat consumer confidence figure. Moreover, the markets remain focused on the German unemployment change figures for February due for release in a few hours.
EUR/JPY Technical Levels
The immediate resistance is seen at 135.63, above which the pair could rise to 50-DMA located at 136.46. On the flip side, a break below 135.00, could push the pair down to 134.75 levels.
EUR/JPY: hovers above 10-DMA
The pair is trading a couple of pips above the 10-DMA located at 135.13 after the German Gfk consumer confidence data for March came-in at 9.7, bettering the expected 9.5, and up from the previous month’s 9.3. The pair hardly moved despite an upbeat consumer confidence figure. Moreover, the markets remain focused on the German unemployment change figures for February due for release in a few hours.
EUR/JPY Technical Levels
The immediate resistance is seen at 135.63, above which the pair could rise to 50-DMA located at 136.46. On the flip side, a break below 135.00, could push the pair down to 134.75 levels.