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Trend Needle Points North

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Pullback Extends

EURJPY TECHS
  • RES 4: 146.74 High Dec 30 2014
  • RES 3: 145.58 High Dec 31 2014
  • RES 2: 145.00 Round number resistance
  • RES 1: 144.25/58 High Jun 8 / 0.764 proj of Mar 7 - 28 - Apr 5 swing
  • PRICE: 140.00 @ 16:26 BST Jun 13
  • SUP 1: 139.39 Low Jun 13
  • SUP 2: 139.33 1.0% 10-dma envelope
  • SUP 3: 139.15 20-day EMA
  • SUP 4: 138.32 High May 9

EURJPY remains below last week’s high of 144.25 on Jun 8. The recent pullback is considered corrective. The latest rally above 140.00 confirmed a resumption of the uptrend that started Mar 7. Moving average studies also point north, reinforcing current conditions and signalling scope for a continuation higher. The focus is on 144.58 next, a Fibonacci projection and 145.00 is also within range. Firm short-term support is seen at 140.00.

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  • RES 4: 146.74 High Dec 30 2014
  • RES 3: 145.58 High Dec 31 2014
  • RES 2: 145.00 Round number resistance
  • RES 1: 144.25/58 High Jun 8 / 0.764 proj of Mar 7 - 28 - Apr 5 swing
  • PRICE: 140.00 @ 16:26 BST Jun 13
  • SUP 1: 139.39 Low Jun 13
  • SUP 2: 139.33 1.0% 10-dma envelope
  • SUP 3: 139.15 20-day EMA
  • SUP 4: 138.32 High May 9

EURJPY remains below last week’s high of 144.25 on Jun 8. The recent pullback is considered corrective. The latest rally above 140.00 confirmed a resumption of the uptrend that started Mar 7. Moving average studies also point north, reinforcing current conditions and signalling scope for a continuation higher. The focus is on 144.58 next, a Fibonacci projection and 145.00 is also within range. Firm short-term support is seen at 140.00.