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5 Jun 2013
EUR/JPY dealing around the 131 figure
FXstreet.com (Barcelona) - With Nikkei index opening right now in Tokyo up +0.29%, USD/JPY is pushing to fresh session highs last at 100.32, while EUR/USD is selling off to session lows last at 1.3067, thus making the cross EUR/JPY staying pretty much unchanged for the moment marginally above the 131 figure.
According to Valeria Bednarik, Chief Analyst at Fxstreet.com, for the short term, EUR/JPY “struggles around 100 SMA in the hourly chart, while indicators lost the upward potential gained early Europe, although stand in positive territory,” the analyst said, adding: “In bigger time frames technical readings are more neutral, as range has prevailed in the pair for over 3 weeks now,” she concludes.
Valeria finds support levels at: 130.40, 129.90 and 129.50, while resistance levels at: 131.00, 131.50 and 132.00
According to Valeria Bednarik, Chief Analyst at Fxstreet.com, for the short term, EUR/JPY “struggles around 100 SMA in the hourly chart, while indicators lost the upward potential gained early Europe, although stand in positive territory,” the analyst said, adding: “In bigger time frames technical readings are more neutral, as range has prevailed in the pair for over 3 weeks now,” she concludes.
Valeria finds support levels at: 130.40, 129.90 and 129.50, while resistance levels at: 131.00, 131.50 and 132.00