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Continues To Climb

EURJPY TECHS
  • RES 4: 152.81 1.50 proj of the Mar 20 - 21 - Apr 6 price swing
  • RES 3: 152.00 1.382 proj of the Mar 20 - 21 - Apr 6 price swing
  • RES 2: 151.61 High May 2 and the bull trigger
  • RES 1: 150.30/151.07 Intraday high / High May 29
  • PRICE: 150.22 @ 07:01 BST Jun 9
  • SUP 1: 148.59 Low May 31
  • SUP 2: 147.94/146.80 50-day EMA / 2.0% 10-dma envelope
  • SUP 3: 146.13 Low May 11 and a key support
  • SUP 4: 145.67 High Mar 31

EURJPY is trading higher, reinforcing a short-term bullish theme. The cross has traded above initial resistance at 150.20, the Jun 5 high. A continuation higher would open 151.07, the May 29 high. Key resistance is at 151.61, the May 2 high and also represents an important bull trigger. Key short-term support is at the 50-day EMA, which intersects at 147.94, a break would highlight a possible reversal.

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