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EUR/JPY eases from 4-year high

FXstreet.com (Córdoba) – After reaching a 4-year high, the EUR/JPY found sellers and corrected some of its recent gains at the beginning of the American session.

EUR/JPY stalls ahead of 138.00

The EUR/JPY retreated from a high of 137.97 to a low of 137.35 where the setback was contained, confining the cross to a phase of consolidation. At time of writing, the EUR/JPY is trading at the 137.55 zone, still up 0.2% on the day, having climbed over 1.8% last week.

EUR/JPY technical levels

In terms of technical levels, the EUR/JPY could find immediate resistances at 137.97 (daily high) and 138.50 (Oct …read more