Free Trial
EURJPY TECHS

Holding On To Recent Gains

OPTIONS

Week Opens With Mixed Rates Trade

USDJPY TECHS

Approaching The Bull Trigger

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

Approaching Resistance At The 20-and 50-Day EMAs

EURJPY TECHS
  • RES 4: 140.07 High Jul 25
  • RES 3: 139.41 High Jul 28
  • RES 2: 138.53 50-day EMA
  • RES 1: 137.95 20-day EMA
  • PRICE: 137.63 @ 06:46 BST Aug 9
  • SUP 1: 135.65 Low Aug 4
  • SUP 2: 134.84/133.40 Low Aug 3 / 2 and a bear trigger
  • SUP 3: 132.66 Low May 12 and a key support
  • SUP 4: 131.99 61.8% retracement of the Mar 7 - Jun 28 bull leg

EURJPY is holding on to its most recent gains and traded higher Monday. The recovery from 133.40, confirmed a hammer formation on Aug 2 and this pattern highlighted a reversal of the recent downleg. The subsequent recovery has opened 137.95 and 138.53, the 20- and 50-day EMA values and a key resistance zone. On the downside, a reversal lower and a breach of 133.40 would instead resume the bear cycle and open 132.66, May 12 low.

144 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: 140.07 High Jul 25
  • RES 3: 139.41 High Jul 28
  • RES 2: 138.53 50-day EMA
  • RES 1: 137.95 20-day EMA
  • PRICE: 137.63 @ 06:46 BST Aug 9
  • SUP 1: 135.65 Low Aug 4
  • SUP 2: 134.84/133.40 Low Aug 3 / 2 and a bear trigger
  • SUP 3: 132.66 Low May 12 and a key support
  • SUP 4: 131.99 61.8% retracement of the Mar 7 - Jun 28 bull leg

EURJPY is holding on to its most recent gains and traded higher Monday. The recovery from 133.40, confirmed a hammer formation on Aug 2 and this pattern highlighted a reversal of the recent downleg. The subsequent recovery has opened 137.95 and 138.53, the 20- and 50-day EMA values and a key resistance zone. On the downside, a reversal lower and a breach of 133.40 would instead resume the bear cycle and open 132.66, May 12 low.