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6 Mar 2014
EUR/JPY accelerating upside
FXStreet (Guatemala) - EUR/JPY has claimed a high of 142.79 so far on the back of comments from Draghi and The European Central Bank keeping interest rates unchanged.
Draghi explained today, the news on the month has by and large been on the positive side, and that made a rate cut this month unlikely given no change last month.
EUR/JPY Levels
The 20 DMA is 140.03, the 50 DMA is 140.84 and the 200 DMA is 134.81. RSI (14) reads 85.74. Resistance at 142.40 ahead of 143.00 and 145 handle 2014 high.
Draghi explained today, the news on the month has by and large been on the positive side, and that made a rate cut this month unlikely given no change last month.
EUR/JPY Levels
The 20 DMA is 140.03, the 50 DMA is 140.84 and the 200 DMA is 134.81. RSI (14) reads 85.74. Resistance at 142.40 ahead of 143.00 and 145 handle 2014 high.