2 April 2001, 16:50  * EUR/ JPY kept a narrow range 110.50-111.00, within Friday's range, with

* EUR/ JPY kept a narrow range 110.50-111.00, within Friday's range, with sporadic buying ensuring a mildly firmer tone. A Canadian name was a noted buyer.
The outlook is mixed, with EUR/JPY seen swerving around 111.02, 50% Fibonacci retracement level of the May 1999-October 2000 downtrend.

Support: 110.36 (20-day moving average), 110.25 (overnight low), 109.10 (60-day moving average), 107.42 (March 28 low; 1-month low), 106.58 (38.2% Fibonacci retracement level of the January 1999-October 2000 downtrend), 104.45 (Feb. 20 low), 105.42 (100-day moving average), 104.15 (Feb. 16 low; 8-week low), 100.73 (200-day moving average).
Resistance: 111.00 (overnight high), 111.02 (50% Fibonacci retracement level of May 1999-October 2000 downtrend), 112.03 (50% Fibonacci retracement level of the January 1999-October 2000 downtrend), 112.59 (March 12 high), 113.35 (Jan. 15 high; 14 1/2-month high), 116.48 (Oct. 13, 1999, peak).

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