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Bullish Extension

EURJPY TECHS
  • RES 4: 147.10 High Nov 9 2022
  • RES 3: 146.73 High Dec 15 and a key resistance
  • RES 2: 145.83 High Dec 20
  • RES 1: 145.09 Intraday high
  • PRICE: 145.03@ 08:26 GMT Feb 28
  • SUP 1: 143.57 Low Feb 27
  • SUP 2: 142.15 Low Feb 24 and a key support
  • SUP 3: 141.52 Low Feb 14
  • SUP 4: 140.14 Low Feb 13

EURJPY is trading higher today, extending yesterday’s bullish start to the week. The break higher maintains the bullish sequence of higher highs and higher lows and note that the cross has cleared 144.53. This is the 76.4% retracement of the Dec 15 - Jan 3 bear leg. The breach opens 145.83, the Dec 20 high and 146.73, the Dec 15 high. On the downside, a key short-term support has been defined at 142.15, the Feb 24 low.

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