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12 Aug 2013
EUR/JPY regaining momentum?
FXstreet.com (Chicago) - EUR/JPY trades at 128.50 as market participants set higher price for the pair.
Advancing 0.15% since the opening of the journey, the euro strengthened against a yen that was affected by a 2.6% GDP growth for the second quarter of the year. With expectations set at 3.6%, market participants seemed to react strongly in favor of the euro.
Technically speaking, the pair trades at 128.50 between supports at 128.31 (June 24th highs), 128.11 (June 12th highs) ahead of 127.95 (July 10th lows) and resistances at 128.61 (July 3rd lows), 128.83 (July 12th lows) followed by 129.09 (June 28th lows). The FXstreet.com trend index reports the pair as slightly bearish on one-hour timeframe analysis.
Advancing 0.15% since the opening of the journey, the euro strengthened against a yen that was affected by a 2.6% GDP growth for the second quarter of the year. With expectations set at 3.6%, market participants seemed to react strongly in favor of the euro.
Technically speaking, the pair trades at 128.50 between supports at 128.31 (June 24th highs), 128.11 (June 12th highs) ahead of 127.95 (July 10th lows) and resistances at 128.61 (July 3rd lows), 128.83 (July 12th lows) followed by 129.09 (June 28th lows). The FXstreet.com trend index reports the pair as slightly bearish on one-hour timeframe analysis.