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Bearish Risk

EURJPY TECHS
Foreign Exchange Technical AnalysisHomepagemarkets-real-timeBulletMarketsForeign Exchange News
  • RES 4: 144.96 High Mar 15
  • RES 3: 143.06 20-day EMA
  • RES 2: 142.78 High Mar 21
  • RES 1: 142.75 50-day EMA
  • PRICE: 142.43 @ 16:22 GMT Mar 21
  • SUP 1: 138.83 Low Mar 20
  • SUP 2: 138.59 3.0% 10-dma envelope
  • SUP 3: 137.92 Low Jan 19
  • SUP 4: 137.39 Low Jan 3 and a key support

EURJPY traded lower Monday before finding some support. The cross continues to appear vulnerable and short-term gains are considered corrective. Last week’s bearish price action signals scope for a continuation lower towards the 138.00 handle and the short-term bear trigger is Monday’s low of 138.83. Initial firm resistance is seen at 142.21, the Mar 17 high.

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  • RES 4: 144.96 High Mar 15
  • RES 3: 143.06 20-day EMA
  • RES 2: 142.78 High Mar 21
  • RES 1: 142.75 50-day EMA
  • PRICE: 142.43 @ 16:22 GMT Mar 21
  • SUP 1: 138.83 Low Mar 20
  • SUP 2: 138.59 3.0% 10-dma envelope
  • SUP 3: 137.92 Low Jan 19
  • SUP 4: 137.39 Low Jan 3 and a key support

EURJPY traded lower Monday before finding some support. The cross continues to appear vulnerable and short-term gains are considered corrective. Last week’s bearish price action signals scope for a continuation lower towards the 138.00 handle and the short-term bear trigger is Monday’s low of 138.83. Initial firm resistance is seen at 142.21, the Mar 17 high.