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Bullish Outlook

EURJPY TECHS
  • RES 4: 147.56 2.50 proj of the Aug 2- 10 - 16 price swing
  • RES 3: 146.97 2.382 proj of the Aug 2- 10 - 16 price swing
  • RES 2: 146.23 2.236 proj of the Aug 2- 10 - 16 price swing
  • RES 1: 144.48/145.64 High Sep 14 / 9 and the bull trigger
  • PRICE: 143.42 @ 17:31 BST Sep 20
  • SUP 1: 142.30 Low Sep 14
  • SUP 2: 141.50 20-day EMA
  • SUP 3: 139.89 50-day EMA
  • SUP 4: 138.69 Low Sep 5

EURJPY is trading below 145.64, the Sep 9 high. The outlook is bullish and the recent pullback is considered corrective. The break this month of 144.28, Jun 28 high and a major resistance, confirmed a resumption of the uptrend that started in March 2022. The focus is on 146.23, a Fibonacci projection. Initial firm support is seen at 141.50, the 20-day EMA. The 50-day EMA lies at 139.89 - a key support.

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  • RES 4: 147.56 2.50 proj of the Aug 2- 10 - 16 price swing
  • RES 3: 146.97 2.382 proj of the Aug 2- 10 - 16 price swing
  • RES 2: 146.23 2.236 proj of the Aug 2- 10 - 16 price swing
  • RES 1: 144.48/145.64 High Sep 14 / 9 and the bull trigger
  • PRICE: 143.42 @ 17:31 BST Sep 20
  • SUP 1: 142.30 Low Sep 14
  • SUP 2: 141.50 20-day EMA
  • SUP 3: 139.89 50-day EMA
  • SUP 4: 138.69 Low Sep 5

EURJPY is trading below 145.64, the Sep 9 high. The outlook is bullish and the recent pullback is considered corrective. The break this month of 144.28, Jun 28 high and a major resistance, confirmed a resumption of the uptrend that started in March 2022. The focus is on 146.23, a Fibonacci projection. Initial firm support is seen at 141.50, the 20-day EMA. The 50-day EMA lies at 139.89 - a key support.