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29 Dec 2014
EUR/JPY remains near 147.00 despite Greece
FXStreet (Córdoba) - EUR/JPY pulled back modestly after the Greek parliament failed to elect a new president, leading to snap elections. The pair peaked earlier at 147.02 and after the outcome in Greece dropped to 146.75.
At the beginning of the European session EUR/JPY bottomed at 146.49 and the turned to the upside, again moving toward 147.00.
EUR/JPY limited by 147.00/15
The euro continues to be unable to make a strong break above 147.00, as the area continues to limit the upside. Last week it traded several times on top but it failed to consolidate and pulled back.
Price action has been moving within a small trading range in almost a week with support at 146.40 and resistance at 147.15.
At the beginning of the European session EUR/JPY bottomed at 146.49 and the turned to the upside, again moving toward 147.00.
EUR/JPY limited by 147.00/15
The euro continues to be unable to make a strong break above 147.00, as the area continues to limit the upside. Last week it traded several times on top but it failed to consolidate and pulled back.
Price action has been moving within a small trading range in almost a week with support at 146.40 and resistance at 147.15.