26 January 2001, 17:46 * EUR/JPY moved a touch lower in the previous range of 106.70 to 108.96.
The crossed moved higher alongside EUR/USD overnight, recovering some of
the losses that took it to a 3-wk low Thursday. EUR/JPY moved lower with
USD/JPY coming into the U.S. session
The outlook is mixed.
Support: 107.64 (overnight low), 106.70 (Jan. 25 low; 3-week low),
106.58 (38.2% Fibonacci retracement level of the January 1999-October 2000
downtrend), 105.28 (Jan. 4 low; year low), 101.57 (60-day moving average),
98.57 (200-day moving average).
Resistance: 108.60 (overnight high), 109.81 (20-day moving average),
112.03 (50% Fibonacci retracement level of the January 1999-October 2000
downtrend), 113.35 (Jan. 15 high; 14 1/2-month high), 116.48 (Oct. 13,
1999, peak).
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