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EUR/JPY consolidates just below 137.00

FXStreet (Córdoba) - EUR/JPY faltered ahead of the 137.00 level and following a short-lived downward correction that was contained by 136.50, it managed to settle in the 136’s high area.

In the absence of news or triggers, EUR/JPY has spent the last sessions consolidating in a narrow range bounded by 136.51 on the downside and 136.99 on the upside, unable to pick up fresh momentum either side of the board. At time of writing, the pair is trading at 136.80, virtually unchanged on the day.

EUR/JPY levels to watch

As for technical levels, EUR/JPY could find next resistances at 137.00 (Oct 20 high/psychological level) and 137.51 (50-day SMA) ahead of 137.67 (100-day SMA). On the other hand, supports are seen at 136.51 (intraday low), 136.22 (10-day SMA) and 136.00 (psychological level).

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