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Attention Is On The Bull Trigger

EURJPY TECHS
  • RES 4: 146.74 High Dec 30, 2014
  • RES 3: 145.00/58 Round number resistance / High Dec 31 2014
  • RES 2: 144.58 0.764 proj of Mar 7 - 28 - Apr 5 swing
  • RES 1: 144.25 High Jun 8 and the bull trigger
  • PRICE: 143.90 @ 16:28 BST Jun 22
  • SUP 1: 140.26 20-day EMA
  • SUP 2: 138.06/37.85 50-day EMA and key support / Low Jun 16
  • SUP 3: 136.25 Low May 30
  • SUP 4: 134.99 Low May 25

EURJPY traded higher into the close Wednesday, as the cross extended the recovery from last week’s low of 137.85 (Jun 16 low). Attention is on the bull trigger at 144.25, Jun 8 high. Clearance of this hurdle would confirm a resumption of the primary uptrend and open the 145.00 handle. Moving average studies remain in bull mode, clearly highlighting current bullish sentiment. Key pivot support has been defined at 137.85, Jun 16 low.

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  • RES 4: 146.74 High Dec 30, 2014
  • RES 3: 145.00/58 Round number resistance / High Dec 31 2014
  • RES 2: 144.58 0.764 proj of Mar 7 - 28 - Apr 5 swing
  • RES 1: 144.25 High Jun 8 and the bull trigger
  • PRICE: 143.90 @ 16:28 BST Jun 22
  • SUP 1: 140.26 20-day EMA
  • SUP 2: 138.06/37.85 50-day EMA and key support / Low Jun 16
  • SUP 3: 136.25 Low May 30
  • SUP 4: 134.99 Low May 25

EURJPY traded higher into the close Wednesday, as the cross extended the recovery from last week’s low of 137.85 (Jun 16 low). Attention is on the bull trigger at 144.25, Jun 8 high. Clearance of this hurdle would confirm a resumption of the primary uptrend and open the 145.00 handle. Moving average studies remain in bull mode, clearly highlighting current bullish sentiment. Key pivot support has been defined at 137.85, Jun 16 low.