FXstreet.com (Barcelona) - Dollar decline from 93.75 high on Jan 7 extended on Tuesday to levels below 91.00 to hit a fresh 3-week low before launching a tepid attempt to pick up on Asian session, which took the pair to levels around 91.25 at European session opening times.

The pair might encounter resistance at 91.25/35 area (Jan 5 low session high), and above here, at 91.70/80 (Jan 11 low) and 92.10/20. On the downside, support levels lie at 90.70 (Jan 12 low), and below here, 90.55 (100-day MA) and 90.35 (38.2% Fib retracement of the Nov-Jan rally).

EUR/JPY decline from 134.38 high on Jan 11 extended during Wednesday's Asian session to 131.50 low, right above 131.25 -Jan 6 low-, before picking up to levels above 132.00, reaching 132.40 resistance, which is being tested at the moment of writing. Above 132.40, next resistance levels lie at132.80/00 and 133.50. Support levels are 131.50 and 131.25.

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