Free Trial

Finds Support

EURJPY TECHS
  • RES 4: 142.32 High Jul 21 and key resistance
  • RES 3: 141.92 1.382 pro of the Aug 2 - 10 - 16 price swing
  • RES 2: 141.19 1.236 pro of the Aug 2 - 10 - 16 price swing
  • RES 1: 140.75 High Sep 2 and a bull trigger
  • PRICE: 140.39 @ 06:53 BST Sep 6
  • SUP 1: 138.69/14 Low Sep 5 / 50-day EMA
  • SUP 2: 137.03 Low Aug 29
  • SUP 3: 136.02 Low Aug 25
  • SUP 4: 135.52 Low Aug 24

EURJPY traded lower Monday but has recovered from the session low. A bullish theme remains intact following last week’s price developments and the breach of a trendline resistance, drawn from the Jun 28 high. The break strengthens bullish conditions and highlights a stronger reversal from the Aug 2 low. This has opened 141.19 next, a Fibonacci projection and 142.32, the Jul 21 high. Initial firm support is at 138.14, the 50-day EMA.

To read the full story

Close

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.