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Continues To Appreciate

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 and key resistance
  • RES 1: 147.45 High Oct 31 And Intraday high
  • PRICE: 147.22 @ 07:14 BST Apr 17
  • SUP 1: 146.08/145.77 Low Apr 13 / 12
  • SUP 2: 144.47 20-day EMA
  • SUP 3: 143.53 50-day EMA
  • SUP 4: 142.55 Low Apr 6

EURJPY printed a new weekly high Friday and again today as the cross extends the break of the 146.00 handle. The recent breach of 145.57, Mar 2 high, strengthens bullish conditions and paves the way for a climb towards 147.71, the Oct 31 2022 high. Moving average studies remain in a bull-mode condition highlighting an uptrend. Key short-term support has been defined at 142.55, the Apr 6 low. Initial firm support lies at 144.47, the 20-day EMA.

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