Back
17 Dec 2013
EUR/JPY steady after strong ZEW, CPI data
FXstreet.com (Córdoba) - The EUR/JPY barely reacted to the latest round of Eurozone economic data, which includes a strong German ZEW data.
According to the German ZEW survey, economic sentiment came in at 62.0 versus 55.0 expected, while current conditions hit 32.4 against 28.9 forecast in December. Separated data showed Eurozone CPI came in mainly in line with expectations, with the annual rate growing 0.9% in November versus 0.7% the previous month. The EUR/JPY continued to trade at the 141.70 zone, where it is virtually unchanged Tuesday, after closing flat the previous day.
EUR/JPY technical levels
As for technical levels, the EUR/JPY could find immediate resistances at 141.94 (daily high), 142.11 (Dec 16 high) and 142.22 (Dec 12 high) ahead of 142.81 (5-year high Dec 13). On the downside, supports are seen at 141.59 (daily low), 141.10 (10-day SMA) and 140.90 (Dec 12 low).
According to the German ZEW survey, economic sentiment came in at 62.0 versus 55.0 expected, while current conditions hit 32.4 against 28.9 forecast in December. Separated data showed Eurozone CPI came in mainly in line with expectations, with the annual rate growing 0.9% in November versus 0.7% the previous month. The EUR/JPY continued to trade at the 141.70 zone, where it is virtually unchanged Tuesday, after closing flat the previous day.
EUR/JPY technical levels
As for technical levels, the EUR/JPY could find immediate resistances at 141.94 (daily high), 142.11 (Dec 16 high) and 142.22 (Dec 12 high) ahead of 142.81 (5-year high Dec 13). On the downside, supports are seen at 141.59 (daily low), 141.10 (10-day SMA) and 140.90 (Dec 12 low).