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EUR/JPY ready to test back daily highs

FXStreet (San Francisco) - Earlier in the day, the EUR/JPY failed to break above yesterday highs at 137.80 as the pair found selling interest at this level that sent it back to 137.40. However, the pair managed to bounce here and now it is trading back at highs. Ready to break?

Currently, EUR/JPY is trading at 137.73, flat on the day, having posted a daily high at 137.84 and low at 137.40. The FXStreet OB/OS Index is reflecting neutral hourly conditions, while the FXStreet Trend Index is slightly bearish.

EUR/JPY levels

The pair is trading just below the 137.80, next resistances are at October 9 highest at 137.90, 138.45 and 139.00. To the downside, supports are at 137.40, 137.20 and 136.60.

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