MNI: US NOV FINAL MANUF PMI 49.7 (FLASH 48.8); OCT 48.5

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

MNI: UK NOV FINAL MANUF PMI 48.0 (FLASH 48.6); OCT 49.9

MNI NBP WATCH: Another Policy Hold, Dovish Communications Tilt

MNI: PBOC Net Drains CNY216 Bln via OMO Monday

MNI: PBOC Sets Yuan Parity Lower At 7.1865 Mon; -1.50% Y/Y

EZ/UK T-Bill Calendar: Spain, Belgium, ESM Auction on Tuesday

EZ/UK Bond Supply Calendar: UK, Germany Auction on Tuesday

MNI: US OCT CONSTRUCT SPENDING +0.4%

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

MNI EXCLUSIVE: German Turmoil Dashes EU's Joint-Funding Hopes -Officials

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Has Traded Through The 50-day EMA

EURJPY TECHS
  • RES 4: 164.77 1.236 proj of the Jul 28 - Aug 30 - Oct 3 price swing
  • RES 3: 164.30 High Nov 16 and the bull trigger
  • RES 2: 162.25/163.72 High Nov 29 / 27
  • RES 1: 161.67 20-day EMA
  • PRICE: 159.52 @ 20:01 GMT Dec 4
  • SUP 1: 158.71 Low Dec 4
  • SUP 2: 158.22 61.8% retracement Oct - Nov Upleg
  • SUP 3: 157.70 Low Oct 30
  • SUP 4: 156.78 76.4% retracement Oct - Nov Upleg

The primary uptrend in EURJPY remains intact, however, a corrective cycle resulted in a move lower last week, and the contract remains soft for now. The cross has traded through the 50-day EMA. A continuation of the bear leg would signal scope for weakness towards 157.70, the Oct 30 low. On the upside, initial resistance is seen at 161.67, the 20-day EMA. The bull trigger is far off at 164.30, the Nov 16 high.

Foreign Exchange Technical AnalysisHomepagemarkets-real-timeBulletMarketsForeign Exchange Bullets

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.