Free Trial

Bull Cycle Extends

EURJPY TECHS
  • RES 4: 145.83 High Dec 20 2022
  • RES 3: 145.57 High Mar 2 and a key resistance
  • RES 2: 144.96 High Mar 15
  • RES 1: 144.10 High Mar 29
  • PRICE: 143.66 @ 07:04 BST Mar 30
  • SUP 1: 141.79 Low Mar 29
  • SUP 2: 140.41/139.07 Low Mar 27 / 24
  • SUP 3: 138.83 Low Mar 20 and a bear trigger
  • SUP 4: 137.92 Low Jan 19

EURJPY traded sharply higher Wednesday and topped 143.63, the Mar 22 high. This level represents a key short-term resistance. A clear break would reinstate a bullish theme and signal scope for a climb towards 145.57, the Mar 2 high and a key resistance. Initial firm support is seen at yesterday’s low of 141.79. A reversal lower and a break of this support would be a bearish development.

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.