6 May 2014
EUR/JPY declines to daily lows at 141.40
FXStreet (San Francisco) - The Euro is losing all Monday's gains versus the Japanese Yen as the pair is extending its rejection from 142.10 to break down the 141.50 level and to reach a fresh daily low of 141.40.
Currently, EUR/JPY is trading at 141.57, down 0.11% on the day, having posted a daily high at 142.10 and low at 141.40. The hourly FXStreet OB/OS Index is showing neutral conditions, alongside the FXStreet Trend Index which is slightly bearish.
EUR/JPY levels
According to Jamie Coleman from FXBeat, 'EUR/JPY support is down at 141.25 support near-term. Stops are seen just below that level.' On the upside, the pair would face resistances at 141.75, 142.10 and 142.40.
Currently, EUR/JPY is trading at 141.57, down 0.11% on the day, having posted a daily high at 142.10 and low at 141.40. The hourly FXStreet OB/OS Index is showing neutral conditions, alongside the FXStreet Trend Index which is slightly bearish.
EUR/JPY levels
According to Jamie Coleman from FXBeat, 'EUR/JPY support is down at 141.25 support near-term. Stops are seen just below that level.' On the upside, the pair would face resistances at 141.75, 142.10 and 142.40.