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Bull Cycle Still In Play

EURJPY TECHS
  • RES 4: 147.75 High Oct 31
  • RES 3: 147.10 High Nov 9 2022
  • RES 2: 146.99 2.0% Upper Bollinger Band
  • RES 1: 146.89 High Apr 13
  • PRICE: 146.67 @ 06:55 BST Apr 14
  • SUP 1: 145.77 Low Apr 12
  • SUP 2: 144.20 20-day EMA
  • SUP 3: 143.39 50-day EMA
  • SUP 4: 142.55 Low Apr 6

EURJPY continued to climb Thursday as the cross extended the break of the 136.00 handle. This week’s move through resistance at 145.57, Mar 2 high, strengthens bullish conditions and paves the way for a climb towards 147.10, the Nov 9 2022 high. Moving average studies are in a bull-mode condition highlighting an uptrend. Key short-term support has been defined at 142.55, the Apr 6 low. Initial firm support lies at 144.20, the 20-day EMA.

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