Fades Off S/T Trendline Resistance

• RES 4: 148.40/45 High Oct 21 and the bull trigger / High Dec 15 2014
• RES 3: 147.75 High Oct 31
• RES 2: 147.10 High Nov 9 and a key near-term resistance
• RES 1: 146.75 High Nov 10
• PRICE: 144.73 @ 16:11 GMT Nov 23
• SUP 1: 144.09/42.57 50-day EMA / Low Nov 11 and the bear Trigger
• SUP 2: 141.78 Low Oct 13
• SUP 3: 140.90 Low Oct 10
• SUP 4: 140.00 76.4% retracement of the Sep 26 - Oct 21 rally

EURJPY hit reverse Wednesday, slipping through the London close and well off near-term resistance at the 147.10 level. This cements the underlying bearish threat, which holds as long as prices sit below short-term trendline resistance at 145.91. The trendline is drawn from the Oct 21 high. The next key resistance to watch is 147.10, the Nov 9 high. On the downside, the bear trigger is at 142.57, the Nov 11 low.