Tue, Feb 21 2012, 03:50 GMT | FXstreet.com FXstreet.com (San Francisco) - The euro has popped higher against its Japanese counterpart after EU officials reached a deal on a second Greek bailout, sending EUR/JPY to a fresh 3-month high of 105.95 from an earlier low of 105.02, seen capped by the 200-daily EMA.
At time of writing, the paring is back near its daily open, last at 105.55, around 10 pips above its opening price. Should EUR/JPY push above the mentioned resistance in the session ahead, it could encounter selling interest at 106.40 (1 Nov 2011 low), 106.80 (10 Jan 2011 low) then at the 107.00 handle, which is also the 38.2% retracement of the drop from 123.31 to 97.01. To the downside, support is noted at 105.03 (1 Dec high), 104.88 and 104.37.
Trend Index [?]OB/OS Index [?]Data updated on Feb 22 a 16:00 GMT (15-minute timeframe) View tech. studies EUR/JPY
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