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EUR/JPY edges slightly higher after German CPI

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Nov 30, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    FXStreet (Córdoba) - EUR/JPY made a marginal new high for the day following the release of in line with expectations German CPI.

    German consumer price index, harmonized according to European Union standards rose 0.1% in November and to 0.3% on the year, matching analysts’ forecasts.

    The euro edged slightly higher following the release and touched a daily peak of 130.27 against the yen, just above its European session high. At time of writing, the pair is trading at 130.22, still 0.14% above its opening price.

    EUR/JPY levels to watch

    In terms of technical levels, next resistances are seen at 130.71 (Nov 25 high), 131.00 (psychological level) and 131.55 (21-day SMA). On the other hand, supports could be faced at 129.80 (Nov 30 low), 129.65 (Nov 27 low) and 129.35 (Apr 28 low).
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