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Bullish Weekly Close

  • RES 4: 145.83 High Dec 20
  • RES 3: 144.53 76.4% retracement of the Dec 15 - Jan 3 bear leg
  • RES 2: 144.00 Round number resistance
  • RES 1: 143.67 High Feb 17
  • PRICE: 143.23 @ 16:21 GMT Feb 17
  • SUP 1: 139.56/06 Low Feb 10 and a key support / Low Jan 20
  • SUP 2: 138.45 2.0% 10-dma envelope
  • SUP 3: 137.92 Low Jan 19
  • SUP 4: 137.39 Low Jan 3 and the bear trigger

EURJPY recovered further off support headed through the Wednesday close, marking a third consecutive session of the cross closing at a session high. Wednesday’s break of 142.99 confirms a continuation of the recovery that started on Jan 3. The next upside level sits at 144.00 handle resistance ahead of 144.53. Firmer support is expected at 139.94, the Feb 3 low and the outlook remains bullish.

MNI London Bureau | +44 203-865-3809 |

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