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12 Aug 2013
EUR/JPY bursts to higher aims
FXstreet.com (Chicago) - EUR/JPYbroke immediate resistances at 128.61 and 128.83 to reach 128.92 intraday highs at closing of American trading journey.
Recapitulating worldwide stock market closings, the Nikkei 225 was down 0.70% post weaker-than-expected GDP data. The FTSE100 was down 0.14% similarly to the CAC40 at -0.12%. In the US, the S&P closed with losses at -0.12% alike the Dow 0.04%. The Nasdaq was up 0.27%. The Euro-zone is to publish industrial production data tomorrow along the ZEW economic sentiment in the region. In Japan, BoJ monetary policy meeting minutes and machinery orders results are expected to be released within the next few hours.
Technically speaking, the pair is trading at 128.84 between supports at 128.83 (July 12th lows), 128.61 (July 3rd lows) ahead of 128.48 (June 26th highs) and resistances at 129.09 (June 28th lows), 129.33 (July 31th lows) and 129.72 (August 8th highs). The FXstreet.com trend index reports the pair as slightly bullish on one-hour timeframe analysis.
Recapitulating worldwide stock market closings, the Nikkei 225 was down 0.70% post weaker-than-expected GDP data. The FTSE100 was down 0.14% similarly to the CAC40 at -0.12%. In the US, the S&P closed with losses at -0.12% alike the Dow 0.04%. The Nasdaq was up 0.27%. The Euro-zone is to publish industrial production data tomorrow along the ZEW economic sentiment in the region. In Japan, BoJ monetary policy meeting minutes and machinery orders results are expected to be released within the next few hours.
Technically speaking, the pair is trading at 128.84 between supports at 128.83 (July 12th lows), 128.61 (July 3rd lows) ahead of 128.48 (June 26th highs) and resistances at 129.09 (June 28th lows), 129.33 (July 31th lows) and 129.72 (August 8th highs). The FXstreet.com trend index reports the pair as slightly bullish on one-hour timeframe analysis.