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Bulls Holding On

EURO-YEN TECHS
  • RES 4: 127.97 2.0% 10-dma envelope
  • RES 3: 127.50 High Mar 2019
  • RES 2: 126.81 High Apr 17, 2019
  • RES 1: 126.76 High Aug 13 and the bull trigger
  • PRICE: 126.06 @ 10:32 BST Aug 17
  • SUP 1: 125.74 Low Aug 14
  • SUP 2: 124.95 Low Aug 12
  • SUP 3: 124.34 Low Aug 10/11 and key support
  • SUP 4: 123.84 Low Jul 31

EURJPY remains bullish with attention on last week's high of 126.76 Underlying trend signals continue to suggest the likelihood of further gains with moving averages pointing north and price maintaining the bullish sequence of higher highs and higher lows. Potential is for a climb towards 127.50 next, the Mar 2019 high. On the downside, key support has been defined at 124.34. The cross remains bullish above this level.

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