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6 Mar 2014
EUR/JPY hits 6-week high after ECB
FXStreet (Córdoba) - The EUR/JPY stretched to a fresh 6-week high as the Euro strengthened after the ECB refrained from offering easing signals and decided to keep its monetary policy unchanged.
The EUR/JPY broke above the 141.20 zone and rose to a high of 141.45 amid broad euro strength, with investors now awaiting the ECB President Draghi press conference. At time of writing, the EUR/JPY is trading around 141.30, recording a 0.6% gain Thursday.
EUR/JPY levels to watch
As for technical levels, the EUR/JPY could find immediate resistances at 141.45 (Mar 6 high) and 141.75 (Jan 24 high) ahead of 142.00 (psychological level). On the other hand, supports are seen at 140.45 (daily low/10-day SMA) and 140.08 (21-day SMA).
The EUR/JPY broke above the 141.20 zone and rose to a high of 141.45 amid broad euro strength, with investors now awaiting the ECB President Draghi press conference. At time of writing, the EUR/JPY is trading around 141.30, recording a 0.6% gain Thursday.
EUR/JPY levels to watch
As for technical levels, the EUR/JPY could find immediate resistances at 141.45 (Mar 6 high) and 141.75 (Jan 24 high) ahead of 142.00 (psychological level). On the other hand, supports are seen at 140.45 (daily low/10-day SMA) and 140.08 (21-day SMA).