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Touched The 140.00 Handle

EURJPY TECHS
  • RES 4: 141.22 3.0% 10-dma envelope
  • RES 3: 141.06 High Jun 4 2015 and a key resistance
  • RES 2: 140.93 0.50 proj of the Mar 7 - 28 - Apr 8 price swing
  • RES 1: 140.00 High Apr 21
  • PRICE: 138.92 @ 16:55 BST Apr 22
  • SUP 1: 137.53/136.87 High Mar 28 / Low Apr 19
  • SUP 2: 135.98 20-day EMA
  • SUP 3: 134.26 Low Apr 8 and a key support
  • SUP 4: 133.94 Low Mar 28

EURJPY trend conditions remain bullish and price briefly met the Y140.00 handle on Thursday - another fresh cycle high. The recent move through 137.50/53, the Feb 2 2018 and Mar 28 highs respectively, confirmed a resumption of the bull leg that started Mar 7 and an extension of the broader bullish price sequence of higher highs and higher lows. The focus is on a break and close above 140.00 next. Initial firm support is at 135.98.

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