Free Trial

Clears Mid-Jan Highs

EURJPY TECHS
  • RES 4: 164.30 High Nov 16 and a key medium-term resistance
  • RES 3: 163.72 High Nov 27
  • RES 2: 162.89 1.0% 10-dma envelope
  • RES 1: 162.36 High Feb 20
  • PRICE: 162.11 @ 16:28 GMT Feb 20
  • SUP 1: 160.37 20-day EMA
  • SUP 2: 158.92/08 Low Feb 7 / 1 and key support
  • SUP 3: 157.21 Low Jan 9
  • SUP 4: 156.08 Low Jan 4

EURJPY maintains a firmer tone and topped the mid-Jan highs of 161.86 ahead of the Friday close - with further gains noted early Monday. With key resistance pierced the uptrend off Dec lows has resumed, opening 162.89, the 1.0% 10-dma envelope. Key short-term support is unchanged at 158.08, Feb 1 low. A clear break of this level would highlight a reversal. Initial support lies at 160.37, the 20-day EMA.

127 words

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
  • RES 4: 164.30 High Nov 16 and a key medium-term resistance
  • RES 3: 163.72 High Nov 27
  • RES 2: 162.89 1.0% 10-dma envelope
  • RES 1: 162.36 High Feb 20
  • PRICE: 162.11 @ 16:28 GMT Feb 20
  • SUP 1: 160.37 20-day EMA
  • SUP 2: 158.92/08 Low Feb 7 / 1 and key support
  • SUP 3: 157.21 Low Jan 9
  • SUP 4: 156.08 Low Jan 4

EURJPY maintains a firmer tone and topped the mid-Jan highs of 161.86 ahead of the Friday close - with further gains noted early Monday. With key resistance pierced the uptrend off Dec lows has resumed, opening 162.89, the 1.0% 10-dma envelope. Key short-term support is unchanged at 158.08, Feb 1 low. A clear break of this level would highlight a reversal. Initial support lies at 160.37, the 20-day EMA.