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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.
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Free AccessEyeing Key Resistance
- 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: 127.13 High Feb 8
- PRICE: 126.82 @ 06:23 GMT Feb 10
- SUP 1: 126.04 50-day EMA
- SUP 2: 125.60 Low Jan 27
- SUP 3: 125.09 Low Jan 18 and the key support
- SUP 4: 125.02 100-DMA
EURJPY maintains a bullish posture and sights are set on the key resistance at 127.49, Jan 7 high. A break of this hurdle 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. On the downside, initial support is at 126.04, the 50-day EMA. A clear break of this average is required to risk a deeper short-term pullback.
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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.