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May 10, 2013
Forex: EUR/JPY pulls back below 132.00
FXstreet.com (Córdoba) - The shared currency is correcting some of its recent gains versus the yen as markets begin to calm ahead of the weekend.
EUR/JPY had reached an over 3-year peak of 132.24 earlier on the day, but lost momentum and pulled back to settle in a range. At time of writing, EUR/JPY is trading at the 131.75 zone, still up 0.5% on the day.
In terms of technical levels, if EUR/JPY breaks above 132.25, next resistances are seen at 132.40 (high Jan 15 2010) and 133.00 (psychological level). On the downside, supports could be found at 131.60 (intraday level) and 131.10 (daily low).
EUR/JPY had reached an over 3-year peak of 132.24 earlier on the day, but lost momentum and pulled back to settle in a range. At time of writing, EUR/JPY is trading at the 131.75 zone, still up 0.5% on the day.
In terms of technical levels, if EUR/JPY breaks above 132.25, next resistances are seen at 132.40 (high Jan 15 2010) and 133.00 (psychological level). On the downside, supports could be found at 131.60 (intraday level) and 131.10 (daily low).