MNI BRIEF: China Visitor Mobile Payments Surge in H1

MNI China Daily Summary: Friday, July 26

MNI BRIEF: Foreign Firms Content In China

MNI BRIEF: Turkish Inflation Expectations Steady- TEBA

MNI China Press Digest July 26: Deposit Rates, Fiscal, PBOC

MNI: PBOC Net Injects CNY299.05 Bln via OMO Fri

MNI: BAKER HUGHES US RIG COUNT 589; OIL RIGS 482; GAS RIGS 101

MNI: UNIV OF MICHIGAN CONSUMER SENTIMENT FINAL JUL INDEX 66.4

EZ/UK Bond Supply Calendar: BoE Short APF Operation on Monday

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Approaching Support At The 50-Day EMA

EURJPY TECHS
  • RES 4: 152.00 1.382 proj of the Mar 20 - 21 - Apr 6 price swing
  • RES 3: 151.61 High May 2 and the bull trigger
  • RES 2: 149.27/150.39 High May 8 / 3
  • RES 1: 147.66 20-day EMA
  • PRICE: 147.04 @ 15:51 BST May 12
  • SUP 1: 146.13/146.02 Low May 11 / 50-day EMA
  • SUP 2: 145.82 2.0% 10-dma envelope
  • SUP 3: 145.67 High Mar 31
  • SUP 4: 144.88 Low Apr 11

EURJPY traded lower again on Thursday. The cross has breached the 20-day EMA, and short-term trend conditions are bearish. A continuation lower would expose key support at 146.02, the 50-day EMA and 145.82, the lower band of a 2.0% 10-dma envelope. Short-term weakness is considered corrective and trend signals highlight an uptrend. Key resistance is at 151.61, May 2 high. Initial firm resistance is 149.27, the May 2 high.

Foreign Exchange Technical AnalysisHomepagemarkets-real-timeBulletMarketsForeign Exchange Bullets

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.