Free Trial

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: 146.38 High Apr 12
  • PRICE: 146.26 @ 15:14 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 again Wednesday 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.

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.