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23 Jan 2015
EUR/JPY posts fresh 14-Month Lows, breaks below 134
FXStreet (Mumbai) - The common currency edges dived deeper in red against the Japanese yen, extending losses into the third straight session as traders continue to revaluate ECB’s QE program.
Currently, the EUR/JPY pair traded at 134.07 levels, down -0.44% on the day, close to fresh fourteen month lows of 133.96 levels hit some minutes ago. The cross in EUR/JPY continues to slide as EUR/USD slumped to fresh twelve year lows and now trades at 1.1328 levels. While the USD/JPY trades flat at 118.40 levels.
EUR/JPY Levels to consider
To the upside, the next resistance is located at 134.37 (5-DMA) and above which it could extend gains to at 134.87 (20-DMA) levels. To the downside immediate support might be located at 133.50 levels below that at 132.10 levels.
Currently, the EUR/JPY pair traded at 134.07 levels, down -0.44% on the day, close to fresh fourteen month lows of 133.96 levels hit some minutes ago. The cross in EUR/JPY continues to slide as EUR/USD slumped to fresh twelve year lows and now trades at 1.1328 levels. While the USD/JPY trades flat at 118.40 levels.
EUR/JPY Levels to consider
To the upside, the next resistance is located at 134.37 (5-DMA) and above which it could extend gains to at 134.87 (20-DMA) levels. To the downside immediate support might be located at 133.50 levels below that at 132.10 levels.