Free Trial
GOLD

Consolidates Above $1700 Ahead US CPI

AUSSIE BONDS

Bullock’s Comments & Firmer NZGBs Aid The Bid

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access

Bullish Outlook

EURJPY TECHS
  • RES 4: 147.76 1.236 proj of the May 12 - Jun 28 - Aug 2 price swing
  • RES 3: 145.64 High Sep 12 and the bull trigger
  • RES 2: 144.48 High Sep 14
  • RES 1: 143.89 High Oct 4
  • PRICE: 143.80 @ 15:27 BST Oct 4
  • SUP 1: 141.10 20-day EMA
  • SUP 2: 139.44/137.40 Low Sep 29 / 26 and key support
  • SUP 3: 136.02 Low Aug 25
  • SUP 4: 135.52 Low Aug 24

EURJPY gains extended into the Tuesday close, putting prices north of the 143.70 resistance - marking the 76.4% retracement for the Sep 12 - 26 downleg. This marks a resumption of the bull cycle that started on Sep 26 from 137.40. Recent weakness between Sep 12 - 26 appears to have been a correction and if correct, the latest recovery signals the end of that bear cycle. The cleared break of Fibonacci resistance opens key resistance at 145.64, Sep 12 high. Key support lies at 137.40.

154 words

To read the full story

Why Subscribe to

MarketNews.com

MNI is the leading provider

of news and intelligence specifically for the Global Foreign Exchange and Fixed Income Markets, providing timely, relevant, and critical insight for market professionals and those who want to make informed investment decisions. We offer not simply news, but news analysis, linking breaking news to the effects on capital markets. Our exclusive information and intelligence moves markets.

Our credibility

for delivering mission-critical information has been built over three decades. The quality and experience of MNI's team of analysts and reporters across America, Asia and Europe truly sets us apart. Our Markets team includes former fixed-income specialists, currency traders, economists and strategists, who are able to combine expertise on macro economics, financial markets, and political risk to give a comprehensive and holistic insight on global markets.
  • RES 4: 147.76 1.236 proj of the May 12 - Jun 28 - Aug 2 price swing
  • RES 3: 145.64 High Sep 12 and the bull trigger
  • RES 2: 144.48 High Sep 14
  • RES 1: 143.89 High Oct 4
  • PRICE: 143.80 @ 15:27 BST Oct 4
  • SUP 1: 141.10 20-day EMA
  • SUP 2: 139.44/137.40 Low Sep 29 / 26 and key support
  • SUP 3: 136.02 Low Aug 25
  • SUP 4: 135.52 Low Aug 24

EURJPY gains extended into the Tuesday close, putting prices north of the 143.70 resistance - marking the 76.4% retracement for the Sep 12 - 26 downleg. This marks a resumption of the bull cycle that started on Sep 26 from 137.40. Recent weakness between Sep 12 - 26 appears to have been a correction and if correct, the latest recovery signals the end of that bear cycle. The cleared break of Fibonacci resistance opens key resistance at 145.64, Sep 12 high. Key support lies at 137.40.