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3 Apr 2014
EUR/JPY tested 143.40 but it returns to 143.00
FXStreet (San Francisco) - The EUR/JPY initially reacted higher to the ECB president Mario speech as the pair jumped to trade at daily highs around 143.40; however the pair was rejected by this level and now it is trading just below the 143.00 level.
Following the ECB Governing Council's decision to keep rates unchanged at the April meeting, President Mario Draghi said at the subsequent press conference that the moderate recovery in the Eurozone is progressing as expected.
Currently, EUR/JPY is trading at 143.00, up 0.01% on the day, having posted a daily high at 143.47 and low at 142.79. The hourly FXStreet OB/OS Index is showing neutral conditions, alongside the FXStreet Trend Index which is slightly bullish.
Levels to watch
Current price is 143.00, with resistance ahead at 143.34 (Monthly High) and 143.47 (Daily High). Next support to the downside can be found at 143.02 (Weekly High), 143.01 (Hourly 20 EMA), 142.79 (Daily Low) and 142.73 (Yesterday's Low).
Following the ECB Governing Council's decision to keep rates unchanged at the April meeting, President Mario Draghi said at the subsequent press conference that the moderate recovery in the Eurozone is progressing as expected.
Currently, EUR/JPY is trading at 143.00, up 0.01% on the day, having posted a daily high at 143.47 and low at 142.79. The hourly FXStreet OB/OS Index is showing neutral conditions, alongside the FXStreet Trend Index which is slightly bullish.
Levels to watch
Current price is 143.00, with resistance ahead at 143.34 (Monthly High) and 143.47 (Daily High). Next support to the downside can be found at 143.02 (Weekly High), 143.01 (Hourly 20 EMA), 142.79 (Daily Low) and 142.73 (Yesterday's Low).