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EUR/JPY not ready to stay above 137.00

FXStreet (Moscow) - EUR/JPY  is sitting marginally below 137.00 pivot after having touched the Asian high at 137.06 and low at 136.65.

Trying to get above 137.00

EUR/JPY failed to stay above 137.00 however hard it tried. The cross dipped to 136.85 by the end of Thursday and lost nearly all it had gained during the previous day. The dowsed was caused mainly by JPY strength across the board, though EUR weakness added to the EUR/JPY woes. Ahead looks like an empty calendar with only second tier data. It means that the cross is left at the mercy of technical factors. While the cross trades below 137.00, the short-term bearish outlook remains entrenched. Once above the said level. the upside may be extended towards 137.30. The support is seen at Asian low of 136.65

What are today’s key EUR/JPY levels?

Today's central pivot point can be found at 137.13, with support below at 136.37, 135.88 and 135.12, with resistance above at 137.62, 138.38, and 138.87. Hourly Moving Averages are bearish with the 200SMA bearish at 137.57 and the daily 20EMA bearish at 137.96. Hourly RSI is bearish at 43.

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