Free Trial

140.00 Resistance Remains Exposed

EURJPY TECHS
  • RES 4: 141.58 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: 138.52 @ 06:43 BST Apr 25
  • SUP 1: 137.53/136.87 High Mar 28 / Low Apr 19
  • SUP 2: 136.25 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 the cross is holding on to the bulk of its recent gains. The recent move through 137.50/53, the Feb 2 2018 and Mar 28 highs respectively, confirmed a resumption of the bull leg that has been in place since Mar 7. This has also highlighted 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 136.25.

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.