15 March 2001, 18:16 EUR/JPY recouped losses made in the previous range of 108.40 to 110.81.
* EUR/JPY recouped losses made in the previous range of 108.40 to 110.81.
Like USD/JPY, the cross benefited from the Jiji story.
The outlook is mixed to bullish.
Support: 109.10 (overnight low), 108.83 (20-day moving average),
108.46 (60-day moving average), 106.58 (38.2% Fibonacci retracement level
of the January 1999-October 2000 downtrend), 104.45 (Feb. 20 low), 104.15
(Feb. 16 low; 8-week low), 103.11 (100-day moving average), 100.14
(200-day moving average).
Resistance: 110.65 (overnight high), 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).
For additional levels see story .877.
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