Forex: EUR/JPY finds support at 95.75
Forex pairs in this Article »
EUR/JPY
FXstreet.com (Córdoba) - Despite the strong rise in European stocks, the euro edged lower against most competitors on Monday ahead of the ECB decision later this week. EURJPY continued to back away from its Friday's peak of 97.32, although it managed to find support at the 95.75 area.
EURJPY has spent the last hours consolidating above that level, and at time of writing it is quoting around 95.90, down 0.6% on the day but still well above its 12-year low of 94.10 scored last week.
In terms of technical levels, immediate support levels are seen at 95.75, 95.40 and 95.20, while on the flip side resistances could be found at 96.10, 96.40 and 96.80.
EURJPY has spent the last hours consolidating above that level, and at time of writing it is quoting around 95.90, down 0.6% on the day but still well above its 12-year low of 94.10 scored last week.
In terms of technical levels, immediate support levels are seen at 95.75, 95.40 and 95.20, while on the flip side resistances could be found at 96.10, 96.40 and 96.80.
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