© 1982-2022 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial
US TSYS

Flat Start

FOREX

Quiet Start

SINGAPORE

Markets Closed On Tuesday

AUSSIE BONDS

AUCTION PREVIEW: Aug-40 I/L Supply Due

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access
Trending Top 5
Topics

Corrective Cycle Still In Play

EURJPY TECHS
Foreign Exchange Technical Analysismarkets-real-timeBulletMarketsForeign Exchange
  • 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: 142.86/144.28 High Jun 30/28 and the bull trigger
  • PRICE: 141.49 @ 15:57 BST Jul 4
  • SUP 1: 139.79 Low Jul 1
  • SUP 2: 139.30 50-day EMA
  • SUP 3: 137.85 Low Jun 16 and key support
  • SUP 4: 136.25 Low May 30

EURJPY traded lower last week following a reversal from 144.28, the Jun 28 high. Friday's weakness resulted in a clear break of the 20-day EMA. This has strengthened short-term bearish conditions and signals scope for a move towards the 50-day EMA, at 139.30. The average represents an important short-term support. On the upside, the bull trigger is 144.28 where a break is required to confirm a resumption of the uptrend.

140 words

To read the full story

Why Subscribe to

MarketNews.com

MNI is the leading provider

of news and intelligence specifically for the Global Foreign Exchange and Fixed Income Markets, providing timely, relevant, and critical insight for market professionals and those who want to make informed investment decisions. We offer not simply news, but news analysis, linking breaking news to the effects on capital markets. Our exclusive information and intelligence moves markets.

Our credibility

for delivering mission-critical information has been built over three decades. The quality and experience of MNI's team of analysts and reporters across America, Asia and Europe truly sets us apart. Our Markets team includes former fixed-income specialists, currency traders, economists and strategists, who are able to combine expertise on macro economics, financial markets, and political risk to give a comprehensive and holistic insight on global markets.
  • 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: 142.86/144.28 High Jun 30/28 and the bull trigger
  • PRICE: 141.49 @ 15:57 BST Jul 4
  • SUP 1: 139.79 Low Jul 1
  • SUP 2: 139.30 50-day EMA
  • SUP 3: 137.85 Low Jun 16 and key support
  • SUP 4: 136.25 Low May 30

EURJPY traded lower last week following a reversal from 144.28, the Jun 28 high. Friday's weakness resulted in a clear break of the 20-day EMA. This has strengthened short-term bearish conditions and signals scope for a move towards the 50-day EMA, at 139.30. The average represents an important short-term support. On the upside, the bull trigger is 144.28 where a break is required to confirm a resumption of the uptrend.