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EUR/JPY retains the 142 handle with resistance at 142.60

FXStreet (Guatemala) - EUR/JPY is trading at 142.35, up 0.16% on the day, having posted a daily high at 142.39 and low at 142.12.

EUR/JPY took out the 141.21 September high from which it has rallied through the 142 psychological handle. However, attempts to the upside are currently stalling there although the cross remains with a bullish bias having drifted from the handle on the European/ USD session lows. Karen Jones, chief analyst at Commerzbank, is now targeting the 143.79 March high and 144.50, which is the 35-year resistance line that is sighted as a string resistance area.

EUR/JPY noteworthy levels

Current price is 142.36, with resistance ahead at 142.39 (Daily High), 142.59 (Yesterday's High), 142.85 (Daily Classic R2), 143.58 (Weekly Classic R2) and 144.81 (YTD High). Next support to the downside can be found at 142.13 (Monthly High/Weekly Classic R1), 142.12 (Daily Low) and psychological 142 handle before the sure from 141.00.

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