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16 Dec 2014
EUR/JPY extends losses, support seen at 145 handle
FXStreet (Mumbai) - The Japanese yen gained momentum against the Euro as the Japanese currency trades at one month high levels against the greenback.
Currently, the EUR/JPY pair trades at 145.67 levels, down -0.59%, compared to previous session close of 146.54. The Japanese yen gained against the Euro as investors fled away from equities and emerging market currencies to safe haven currencies like the yen. Upbeat German PMI data failed to provide support to the single currency against the yen.
The EUR/JPY also remains pressured as USD/JPY trades at one month low levels of 116.59, losing -1.09% on the day.
EUR/JPY Technical Levels
To the upside, the next resistance is located at 145.88 (Nov 14 High), above which it could extend gains to 146.53 (Nov 17 High) levels. To the downside, immediate support might be located at 145.47 (Today’s Low) and below that at 145 (Psychological Level).
Currently, the EUR/JPY pair trades at 145.67 levels, down -0.59%, compared to previous session close of 146.54. The Japanese yen gained against the Euro as investors fled away from equities and emerging market currencies to safe haven currencies like the yen. Upbeat German PMI data failed to provide support to the single currency against the yen.
The EUR/JPY also remains pressured as USD/JPY trades at one month low levels of 116.59, losing -1.09% on the day.
EUR/JPY Technical Levels
To the upside, the next resistance is located at 145.88 (Nov 14 High), above which it could extend gains to 146.53 (Nov 17 High) levels. To the downside, immediate support might be located at 145.47 (Today’s Low) and below that at 145 (Psychological Level).