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Bulls Remain In The Driver’s Seat

EURJPY TECHS
  • RES 4: 150.00 Round number resistance
  • RES 3: 149.39 1.00 proj of the Mar 20 - 21 - Apr 6 price swing
  • RES 2: 148.40 High Oct 21 2022 and key resistance
  • RES 1: 147.86 High Apr 19
  • PRICE: 147.58 @ 16:21 BST Apr 19
  • SUP 1: 146.08/145.67 Low Apr 13 / High Mar 31
  • SUP 2: 144.94 20-day EMA
  • SUP 3: 143.80 50-day EMA
  • SUP 4: 142.55 Low Apr 6

EURJPY bulls remain in the driver’s seat and the cross is trading at its recent highs. The Apr 11 break of 145.67, Mar 31 high, strengthened bullish conditions and has paved the way for a climb towards 147.71 next, the Oct 31 2022 high. Moving average studies are in a bull-mode set-up highlighting a rising trend. Key short-term support has been defined at 142.55, the Apr 6 low. Initial firm support lies at 144.94, the 20-day EMA.

Foreign Exchange Technical AnalysisHomepagemarkets-real-timeBulletMarketsForeign Exchange Bullets
Foreign Exchange Technical AnalysisHomepagemarkets-real-timeBulletMarketsForeign Exchange Bullets

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