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9 Jun 2014
EUR/JPY fails to hold above 140.00
FXStreet (Córdoba) - The EUR/JPY came under renewed pressure during the European session and extended a pullback from highs after disappointing Eurozone Sentix Investor Confidence.
The EUR/JPY has backed away from a near 1-month high of 140.08 scored during the Asian session. However, the euro-yen cross failed to sustain gains above the 140.00 mark and slid all the way to a fresh daily low of 139.60. The Eurozone Sentix Investor Confidence came in at 8.5 vs 13.2 expected, weighing on the shared currency.
EUR/JPY technical levels
At time of writing, the EUR/JPY is trading at the 139.65 area, recording a 0.16% loss on the day. As for technical levels, if the euro falls below 139.60, next supports are seen at 139.37 (Jun 6 low), 139.09 (Jun 3 low). On the other hand, resistances could be found at 140.08 (Jun 9 high), 140.53 (100-day SMA) and 140.93 (May 13 high).
The EUR/JPY has backed away from a near 1-month high of 140.08 scored during the Asian session. However, the euro-yen cross failed to sustain gains above the 140.00 mark and slid all the way to a fresh daily low of 139.60. The Eurozone Sentix Investor Confidence came in at 8.5 vs 13.2 expected, weighing on the shared currency.
EUR/JPY technical levels
At time of writing, the EUR/JPY is trading at the 139.65 area, recording a 0.16% loss on the day. As for technical levels, if the euro falls below 139.60, next supports are seen at 139.37 (Jun 6 low), 139.09 (Jun 3 low). On the other hand, resistances could be found at 140.08 (Jun 9 high), 140.53 (100-day SMA) and 140.93 (May 13 high).