Free Trial
PIPELINE

GE Healthcare 6Pt Jumbo on Tap

US TSY OPTIONS

10Y Call Tree, Net Vol/Call Skew Sale

US TSY FUTURES

Bonds Extend Lows, Corporate Hedging? GE Healthcare Jumbo

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access

Corrective Cycle

EURJPY TECHS
  • RES 4: 146.23 2.236 proj of the Aug 2- 10 - 16 price swing
  • RES 3: 145.64 High Sep 12 and the bull trigger
  • RES 2: 144.04 High Sep 20
  • RES 1: 140.27/140.87 High Sep 23 / 20-day EMA
  • PRICE: 139.28 @ 16:45 BST Sep 28
  • SUP 1: 137.40 Low Sep 26
  • SUP 2: 136.02 Low Aug 25
  • SUP 3: 135.52 Low Aug 24
  • SUP 4: 134.95 Low Aug 16 and a key support

A sharp reversal lower in EURJPY last week resulted in a break below the 50-day EMA and the cross continues to trade closer to its recent lows. Recent weakness is considered corrective, despite a deep retracement and technical trend signals continue to highlight a bull cycle. The daily close below the 50-day EMA has strengthened a bearish threat. Initial firm resistance to watch is 140.87, the 20-day EMA.

136 words

To read the full story

Why Subscribe to

MarketNews.com

MNI is the leading provider

of news and intelligence specifically for the Global Foreign Exchange and Fixed Income Markets, providing timely, relevant, and critical insight for market professionals and those who want to make informed investment decisions. We offer not simply news, but news analysis, linking breaking news to the effects on capital markets. Our exclusive information and intelligence moves markets.

Our credibility

for delivering mission-critical information has been built over three decades. The quality and experience of MNI's team of analysts and reporters across America, Asia and Europe truly sets us apart. Our Markets team includes former fixed-income specialists, currency traders, economists and strategists, who are able to combine expertise on macro economics, financial markets, and political risk to give a comprehensive and holistic insight on global markets.
  • RES 4: 146.23 2.236 proj of the Aug 2- 10 - 16 price swing
  • RES 3: 145.64 High Sep 12 and the bull trigger
  • RES 2: 144.04 High Sep 20
  • RES 1: 140.27/140.87 High Sep 23 / 20-day EMA
  • PRICE: 139.28 @ 16:45 BST Sep 28
  • SUP 1: 137.40 Low Sep 26
  • SUP 2: 136.02 Low Aug 25
  • SUP 3: 135.52 Low Aug 24
  • SUP 4: 134.95 Low Aug 16 and a key support

A sharp reversal lower in EURJPY last week resulted in a break below the 50-day EMA and the cross continues to trade closer to its recent lows. Recent weakness is considered corrective, despite a deep retracement and technical trend signals continue to highlight a bull cycle. The daily close below the 50-day EMA has strengthened a bearish threat. Initial firm resistance to watch is 140.87, the 20-day EMA.