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21 Jun 2013
EUR/JPY pares gains to return to negative territory
FXstreet.com (New York) - The EUR/JPY foreign exchange rate gave back its earlier gains, only to return back to opening levels after a fall below the 129.00 barrier.
EUR/JPY unable to overcome 50-day SMA
According to the Technical Analyst team at ICN.com, “The EUR/JPY pair failed to maintain a directional bias during the European session, moving sideways below the key resistance area at its 50-day SMA. Accordingly, we will continue to stand on the sidelines awaiting a confirmation signal.”
EUR/JPY tight-roping threshold of negative territory
Following a total elimination of earlier gains in recent moments during US trading, the EUR/JPY has settled at 128.59, now residing in negative territory at a marginal -0.02% Friday. Mataf.net analysts point toward supports at the 127.53 region, then 126.68, and finally 125.50. Should the retracement halt and the upside resume, resistances will eventually be reached at 129.56, onto 130.74.
EUR/JPY unable to overcome 50-day SMA
According to the Technical Analyst team at ICN.com, “The EUR/JPY pair failed to maintain a directional bias during the European session, moving sideways below the key resistance area at its 50-day SMA. Accordingly, we will continue to stand on the sidelines awaiting a confirmation signal.”
EUR/JPY tight-roping threshold of negative territory
Following a total elimination of earlier gains in recent moments during US trading, the EUR/JPY has settled at 128.59, now residing in negative territory at a marginal -0.02% Friday. Mataf.net analysts point toward supports at the 127.53 region, then 126.68, and finally 125.50. Should the retracement halt and the upside resume, resistances will eventually be reached at 129.56, onto 130.74.