Free Trial

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.

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.