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5 Feb 2015
EUR/JPY rises above 133.00 on strong German data
FXStreet (Mumbai) - The shared currency benefited from the strong German factory order data, taking the EUR/JPY pair above 133.00 levels.
Gains capped at 5-DMA
The pair trades below the 5-DMA located at 133.27 after having failed earlier today to rise above the same. However, the pair recovered from the low of 132.80 to trade at 133.05 levels post the release of the German factory orders data, which rose 3.4% year-on-year and 4.2% month-on-month in December. The data beat the expectations by a big margin.
Meanwhile, the gains have been capped as the Japanese Yen remains resilient amid caution ahead of the US Non-farm payrolls data.
EUR/JPY Technical Levels
The pair currently trades at 133.06; up 0.05%. The immediate resistance is seen at 133.27 (5-DMA), above which gains could be extended to 133.40 levels. Meanwhile, support is seen at 132.71 and 132.53 levels.
Gains capped at 5-DMA
The pair trades below the 5-DMA located at 133.27 after having failed earlier today to rise above the same. However, the pair recovered from the low of 132.80 to trade at 133.05 levels post the release of the German factory orders data, which rose 3.4% year-on-year and 4.2% month-on-month in December. The data beat the expectations by a big margin.
Meanwhile, the gains have been capped as the Japanese Yen remains resilient amid caution ahead of the US Non-farm payrolls data.
EUR/JPY Technical Levels
The pair currently trades at 133.06; up 0.05%. The immediate resistance is seen at 133.27 (5-DMA), above which gains could be extended to 133.40 levels. Meanwhile, support is seen at 132.71 and 132.53 levels.