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Has Cleared Key Resistance

AUDUSD TECHS
  • RES 4: 147.56 2.50 proj of the Aug 2- 10 - 16 price swing
  • RES 3: 146.97 2.382 proj of the Aug 2- 10 - 16 price swing
  • RES 2: 146.23 2.236 proj of the Aug 2- 10 - 16 price swing
  • RES 1: 145.64 High Sep 9
  • PRICE: 144.31 @ 06:51 BST Sep 13
  • SUP 1: 142.64/41.37 Low Sep 9 / 7
  • SUP 2: 140.26 20-day EMA
  • SUP 3: 139.11 50-day EMA
  • SUP 4: 138.26 Low Aug 29

EURJPY started the week on a bullish note, clearing last week’s highs and touching the best levels since 2015. The break reinforces bullish conditions and maintains a positive price sequence of higher highs and higher lows. The cross has also cleared resistance at 144.28, the Jun 28 high and a major resistance. This has opened 146.23, a Fibonacci projection. Initial support is seen at 142.64, the Sep 9 low.

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