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Clears Resistance

EURJPY TECHS
  • RES 4: 147.75 High Oct 31
  • RES 3: 147.10 High Nov 9 2022
  • RES 2: 146.73 High Dec 15
  • RES 1: 145.38 Intraday high
  • PRICE: 146.12 @ 07:16 BST Apr 12
  • SUP 1: 144.88 Low Apr 11
  • SUP 2: 143.94 20-day EMA
  • SUP 3: 143.14 50-day EMA
  • SUP 4: 142.55 Low Apr 6

EURJPY traded higher yesterday and the cross is firmer again today with price trading above the 146.00 handle. The climb has confirmed a clear break of resistance at 145.57, Mar 2 high. This strengthens a bullish condition and paves the way for gains towards 146.73, the Dec 15 high. Moving average studies are in a bull-mode condition highlighting an uptrend. On the downside, key short-term support has been defined at 142.55, the Apr 6 low.

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