Trial now
USDCAD TECHS

Stronger In a Range

AUDUSD TECHS

Weaker In A Range

US TSYS SUMMARY

Ending The Week On A Soft Note

EURJPY TECHS

Bearish Risk Growing

USDJPY TECHS

Stronger, But Still Vulnerable

US

SP500 PE Ratio vs. CPI Inflation

Ebbs Off 2021 High

EURJPY TECHS
  • RES 4: 128.39 High Dec 20. 2018
  • RES 3: 127.88 0.618 projection of May - Jun rally from Oct 30 low
  • RES 2: 127.49/50 High Jan 7 / High Mar 1, 2019
  • RES 1: 127.34 High Jan 29
  • PRICE: 126.74 @ 16:31 GMT Feb 1
  • SUP 1: 126.23 20-day EMA
  • SUP 2: 125.60 Low Jan 27
  • SUP 3: 125.09 Low Jan 18
  • SUP 4: 124.83 100-DMA

EURJPY traded slightly softer Monday after a strong session at the tail-end of last week. Last week's strength resulted in multi-week highs at 127.34. This maintains the current bullish theme and extends further the recovery from January 19th. Attention is on resistance at 127.49, Jan 7 high where a break would confirm a resumption of the broader uptrend that has been in place since early May 2020. This would open 127.88 initially, a Fibonacci projection. Initial support is at 126.23, the 20-day EMA.

MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com