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Heading North

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
  • PRICE: 140.43 @ 15:55 BST Sep 2
  • SUP 1: 138.93/ Low Sep 1 / 138.02 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 continues to appreciate. This week’s extension higher has resulted in the break of a trendline drawn from the Jun 28 high. The breach strengthens bullish conditions and highlights a stronger reversal from the Aug 2 low. Sights are on 141.49 next, a Fibonacci projection. Further out, potential is seen for a climb towards 142.32, the Jul 21 high. Initial firm support is seen at 138.02, the 50-day EMA.

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  • 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
  • PRICE: 140.43 @ 15:55 BST Sep 2
  • SUP 1: 138.93/ Low Sep 1 / 138.02 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 continues to appreciate. This week’s extension higher has resulted in the break of a trendline drawn from the Jun 28 high. The breach strengthens bullish conditions and highlights a stronger reversal from the Aug 2 low. Sights are on 141.49 next, a Fibonacci projection. Further out, potential is seen for a climb towards 142.32, the Jul 21 high. Initial firm support is seen at 138.02, the 50-day EMA.