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3 Mar 2015
EUR/JPY back below 134.00
FXStreet (Mumbai) - The shared currency failed to capitalize on the strong German retail sales data, taking the EUR/JPY pair back below 134.00 levels.
EUR/JPY: Losses capped at 5-DMA
At the moment the losses in the pair are being capped at the 5-DMA located at 133.91. The pair dipped to the 5-DMA after having hit a high of 134.37 post the release of a better-than-expected German data. The pair has also dipped below hourly 50-MA located at 134.08 levels. The losses could be extended further if the European equities erase gains and fall into the red.
EUR/JPY Technical Levels
The pair has an immediate resistance at 134.25, above which gains could be extended to 134.58. On the flip side, support is seen at 133.86 and 133.43 levels.
EUR/JPY: Losses capped at 5-DMA
At the moment the losses in the pair are being capped at the 5-DMA located at 133.91. The pair dipped to the 5-DMA after having hit a high of 134.37 post the release of a better-than-expected German data. The pair has also dipped below hourly 50-MA located at 134.08 levels. The losses could be extended further if the European equities erase gains and fall into the red.
EUR/JPY Technical Levels
The pair has an immediate resistance at 134.25, above which gains could be extended to 134.58. On the flip side, support is seen at 133.86 and 133.43 levels.