EUR/JPY held below Asia's 4-day high of 110.77 as EUR/USD showed the bigger reaction to USD/JPY's swings. The cross currency is resisted at 111.02 by the 50% Fibonacci retracement level of the May 1999-October 2000 downtrend.
The outlook is mixed.
Support: 109.80 (overnight low), 109.18 (20-day moving average), 108.76 (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), 103.69 (100-day moving average), 100.27 (200-day moving average).
Resistance: 110.77 (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).