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20 May 2013
EUR/JPY falls to session lows
FXstreet.com (Córdoba) - The euro fell to a session low against the yen at the beginning of the American session, as US investors assess Japan minister Amari comments.
Following a consolidation phase around 132.00, EUR/JPY dropped over 30 pips within minutes and fell to a low of 131.55 before finding support just ahead of the 200-hour SMA. At time of writing, EUR/JPY is trading at the 131.65 zone, where it is 0.2% below its opening price.
As for technical levels, the Mataf.net analyst team locates immediate supports at 131.30 and 130.80, while they see next resistances at 132.30 and 132.55.
Following a consolidation phase around 132.00, EUR/JPY dropped over 30 pips within minutes and fell to a low of 131.55 before finding support just ahead of the 200-hour SMA. At time of writing, EUR/JPY is trading at the 131.65 zone, where it is 0.2% below its opening price.
As for technical levels, the Mataf.net analyst team locates immediate supports at 131.30 and 130.80, while they see next resistances at 132.30 and 132.55.