19 Dec 2014
EUR/JPY finds resistance at 146.75
FXStreet (Córdoba) - EUR/JPY consolidated above 146.00 during the Asian session and climbed further reaching a fresh daily high at 146.73.
The area around 146.75 capped the upside and the pair is moving slowly to the downside on a quiet trading session.
Recently the pair fell to 146.20, the lowest price since Asian hours and currently trades at 146.35/40, up 0.30% for the day so far.
After falling sharply on Monday and Tuesday the euro managed to trim losses but is still headed toward the second weekly decline in a row, extending the retreat from 149.77 (December 8 high).
The area around 146.75 capped the upside and the pair is moving slowly to the downside on a quiet trading session.
Recently the pair fell to 146.20, the lowest price since Asian hours and currently trades at 146.35/40, up 0.30% for the day so far.
After falling sharply on Monday and Tuesday the euro managed to trim losses but is still headed toward the second weekly decline in a row, extending the retreat from 149.77 (December 8 high).