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Clears 2021 Highs

EURJPY TECHS
  • RES 4: 137.50 High Feb 2 2018 and a major resistance
  • RES 3: 135.85 High Feb 7 2018
  • RES 2: 135.33 3.0% 10-dma envelope
  • RES 1: 134.75 Intraday high
  • PRICE: 134.29 @ 06:57 GMT Mar 25
  • SUP 1: 132.33 Low Mar 23
  • SUP 2: 131.00 20-day EMA
  • SUP 3: 130.08 50-day EMA
  • SUP 4: 129.27 Low Mar 15

EURJPY traded higher again Thursday and the cross maintains its current bullish form. Price is through a major resistance at the 2021 high of 134.13, from Jun 1. This has strengthened the bullish condition and attention turns to the 3.0% 10-dma envelope at 135.33 and the Feb 7 2018 high of 135.85. The RSI has ticked higher and is approaching overbought territory for the first time since early February. Initial support is seen at 132.33, the Mar 23 low.

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