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Continues To Climb

EURJPY TECHS
  • RES 4: 144.58 0.764 proj of the Mar 7 - 28 - Apr 5 price swing
  • RES 3: 144.04 Low Jan 1 2015
  • RES 2: 142.78 High Jan 6 2015
  • RES 1: 142.30 0.618 proj of the Mar 7 - 28 - Apr 5 price swing
  • PRICE: 141.88 @ 15:37 BST Jun 7
  • SUP 1: 140.00 High Apr 21 and recent breakout level
  • SUP 2: 138.32/37.55 High May 9 / 20-day EMA
  • SUP 3: 136.10/133.93 50-day EMA / Low May 19
  • SUP 4: 133.37 100-dma

EURJPY continues to climb, having started the week on a firm note. The cross has cleared the Y140.00 handle. This has strengthened bullish conditions and has confirmed a resumption of the uptrend that started Mar 7. Moving average studies also point north, reinforcing current bullish conditions. The focus is on 142.30 next, a Fibonacci projection. Initial support is seen at 140.00.

Foreign Exchange Technical AnalysisHomepagemarkets-real-timeBulletMarketsForeign Exchange Bullets
Foreign Exchange Technical AnalysisHomepagemarkets-real-timeBulletMarketsForeign Exchange Bullets

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