$EURJPY hits 10-month high above 145.00

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11-14-14 04:59:58

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$EURJPY hits 10-month high above 145.00

FXStreet (Córdoba) - EUR/JPY extended gains and briefly rose above the 145.00 level, reaching its highest level in 10 months, after upbeat Eurozone GDP figures.

Gross domestic product for the Eurozone as a whole grew 0.8% annualized rate in the third quarter, versus 0.7% expected, while consumer price index remained soft at 0.4% YoY in October.

EUR/JPY climbed to a high of 145.04, last seen December 2013, but failed to sustain gains above the psychological level and pulled back slightly, having spent the last hours in a slim range. At time of writing, the pair is trading at 144.95, recording a 0.37% gain Friday and on track to post its fifth consecutive weekly rise.

EUR/JPY levels to watch

As for technical levels, if EUR/JPY breaks decisively above 145.00/05, next resistances are seen at 145.15 (Dec 30 high) and 145.67 (Dec 27 high). On the other hand, supports could be found at 144.29 (Nov 14 low) and 144.00 (psychological level).

http://www.fxstreet.com/news/forex-news … 57d6d32016

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