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4 Mar 2015
EUR/JPY retesting lows at 133.60 levels
FXStreet (Mumbai) - EUR/JPY edged lower during the mid-Asian session, extending losses from the previous session largely on the back of yen strength across the board.
EUR/JPY capped by 5-DMA
Currently, the EUR/JPY cross traded -0.10% lower at 133.68 levels, hovering close session lows at 113.60 levels. The cross in EUR/JPY continues to trade weak mainly driven by gains in the Japanese currency versus the US dollar as traders continue to cheer upbeat Japanese wages data. On the other hand, the shared currency fails to find support from the recent above estimates Euro zone economic releases ahead of ECB Meeting due tomorrow.
As of writing, USD/JPY trades lower by -0.10% at 119.61 levels, while EUR/USD trades flat at 1.1173.
EUR/JPY Levels to consider
To the upside, the next resistance is located at 133.89 (5-DMA) and above which it could extend gains to at 134 levels. To the downside immediate support might be located at 133.50 levels below that at 133 levels.
EUR/JPY capped by 5-DMA
Currently, the EUR/JPY cross traded -0.10% lower at 133.68 levels, hovering close session lows at 113.60 levels. The cross in EUR/JPY continues to trade weak mainly driven by gains in the Japanese currency versus the US dollar as traders continue to cheer upbeat Japanese wages data. On the other hand, the shared currency fails to find support from the recent above estimates Euro zone economic releases ahead of ECB Meeting due tomorrow.
As of writing, USD/JPY trades lower by -0.10% at 119.61 levels, while EUR/USD trades flat at 1.1173.
EUR/JPY Levels to consider
To the upside, the next resistance is located at 133.89 (5-DMA) and above which it could extend gains to at 134 levels. To the downside immediate support might be located at 133.50 levels below that at 133 levels.