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Free AccessFocus Is On Key Support
- RES 4: 127.50 High Mar 2019
- RES 3: 126.81 High Apr 17, 2019
- RES 2: 126.76 High Aug 13 and the bull trigger
- RES 1: 126.06 High Aug 19
- PRICE: 125.19 @ 10:42 BST Aug 24
- SUP 1: 124.44 Low Aug 21
- SUP 2: 124.34 Low Aug 10/11 and key support
- SUP 3: 123.84 Low Jul 31
- SUP 4: 123.35 50-day EMA
EURJPY despite this morning's recovery, support at 124.34, Aug 10 / 11 low and a pivot level, remains exposed following the move lower last week. A break would signal scope for a deeper corrective sell-off perhaps towards the 50-day EMA that intersects at 123.35. For bulls, price needs to hold above support at 124.34. The key bull trigger is currently far off at 126.76. A break of this level would resume the past few months' strong uptrend.
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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.