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  • RES 4: 132.43 High Jul 1
  • RES 3: 131.77 61.8% retracement of the Jun - Aug sell-off
  • RES 2: 131.09 High Jul 13
  • RES 1: 130.99 1.0% 10-dma envelope
  • PRICE: 130.32 @ 06:40 BST Sep 6
  • SUP 1: 129.63 20-day EMA
  • SUP 2: 129.16 Low Aug 27
  • SUP 3: 128.60 Low Aug 24
  • SUP 4: 127.94 Low Aug 19 and the bear trigger

EURJPY maintains a firmer tone and is trading closer to recent highs. The cross last week breached the 50-day EMA and remains above this average. Price has also traded through former resistance at 130.56, Jul 29 high. The break of these resistance points strengthens the current bull theme and opens 130.99 next, 1.0% 10-dma envelope. Key support and the bear trigger has been defined at 127.94, Aug 19 low. Initial support lies at 129.63.