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Fresh Cycle Highs

  • RES 4: 149.49 1.382 proj of the May 12 - Jun 28 - Aug 2 price swing
  • RES 3: 148.88 High Dec 9 2014
  • RES 2: 148.45 High Dec 15 2014
  • RES 1: 148.25 Intraday high
  • PRICE: 148.17 @ 14:47 BST Oct 21
  • SUP 1: 145.87/144.09 Low Oct 18 / High Oct 5
  • SUP 2: 143.68/141.84 20-day EMA / 50-day EMA
  • SUP 3: 140.90 Low Oct 10
  • SUP 4: 139.44/137.40 Low Sep 29 / 26 and key support

EURJPY maintains a bullish tone and the cross has traded higher today, reinforcing bullish conditions. The recent break of 145.64, the Sep 12 high and bull trigger, confirmed a resumption of the broader uptrend that started in May 2020. Moving average studies are in a bull mode position too, highlighting a broader uptrend. The focus is on a climb to 148.45 next, the Dec 15 2014 high. Initial firm support lies at 144.09, the Oct 5 high.

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