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27 May 2014
EUR/JPY breaks up on ascending resistance
FXStreet (Guatemala) - EUR/JPY is trading at 139.28, up 0.13% on the day, having posted a daily high at 139.39 and low at 139.00.
The single currency has been climbing back throughout markets since the European open after the move lower as the European Parliament elections took place yesterday with the protest parties wining many seats in the parliament. EUR/JPY has now extended the grind back and has accelerated in Asia, breaking up out of the channels ascending resistance and challenges last weeks highs on Monday, (Daily High).
EUR/JPY Levels
Current price is 139.28, with resistance ahead at 139.38 (Daily Classic R2), 139.39 (Daily High), 139.49 (Weekly Classic R1), 139.64 (Daily Classic R3) and 139.92 (Daily 20 SMA). Next support to the downside can be found at 139.24 (Daily Classic R1), 139.15 (Weekly High), 139.13 (Yesterday's High), 139.10 (Daily Open) and 139.04 (Hourly 20 EMA).
The single currency has been climbing back throughout markets since the European open after the move lower as the European Parliament elections took place yesterday with the protest parties wining many seats in the parliament. EUR/JPY has now extended the grind back and has accelerated in Asia, breaking up out of the channels ascending resistance and challenges last weeks highs on Monday, (Daily High).
EUR/JPY Levels
Current price is 139.28, with resistance ahead at 139.38 (Daily Classic R2), 139.39 (Daily High), 139.49 (Weekly Classic R1), 139.64 (Daily Classic R3) and 139.92 (Daily 20 SMA). Next support to the downside can be found at 139.24 (Daily Classic R1), 139.15 (Weekly High), 139.13 (Yesterday's High), 139.10 (Daily Open) and 139.04 (Hourly 20 EMA).