MNI BRIEF: Bank Of Italy Downgrades 2024 Inflation Forecast

CANADA MAR JOBLESS RATE 6.1% VS FORECAST 5.9%, PRIOR 5.8%

MNI: Canada Wages Up 5% Even With Highest Jobless Rate In 2Yrs

MNI BRIEF: Monetary, Fiscal Policy Need Harmony - Campos Neto

CORRECTED-MNI: Changing Brazil Fiscal Target Not "Plan A"

MNI BRIEF: PBOC To Curb Any Overshooting Of The Yuan-MPC

MNI: US FEB CONSUMER CREDIT +$14.1B

MNI: BAKER HUGHES US RIG COUNT 620; OIL RIGS 508; GAS RIGS 110

EZ/UK Bond Supply Calendar: EU-Bond Auction, BoE Short APF Mon

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

MNI: Growth Drag From Net Zero Carbon Goal Can Be Offset-OECD

MNI BRIEF: Lawmakers Signal Tough Hearing For BOC's Macklem

© 1982-2023 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Continues To Climb

EURJPY TECHS
  • RES 4: 144.58 0.764 proj of the Mar 7 - 28 - Apr 5 price swing
  • RES 3: 144.04 Low Jan 1 2015
  • RES 2: 142.78 High Jan 6 2015
  • RES 1: 142.30 0.618 proj of the Mar 7 - 28 - Apr 5 price swing
  • PRICE: 141.78 @ 06:54 BST Jun 7
  • SUP 1: 140.00 High Apr 21 and recent breakout level
  • SUP 2: 138.32/37.55 High May 9 / 20-day EMA
  • SUP 3: 136.10/133.93 50-day EMA / Low May 19
  • SUP 4: 133.37 100-dma

EURJPY continues to climb, having started the week on a firm note. The cross has cleared the Y140.00 handle. This has strengthened bullish conditions and has confirmed a resumption of the uptrend that started Mar 7. Moving average studies also point north, reinforcing current bullish conditions. The focus is on 142.30 next, a Fibonacci projection. Initial support is seen at 140.00.

Foreign Exchange Technical AnalysisHomepagemarkets-real-timeBulletMarketsForeign Exchange Bullets

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.