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Heading North

EURJPY TECHS
  • RES 4: 147.10 High Nov 9 2022
  • RES 3: 146.73 High Dec 15 and a key resistance
  • RES 2: 145.80 76.4% retracement of the Oct 21 - Jan 3 bear leg
  • RES 1: 145.47 High Feb 28
  • PRICE: 145.24 @ 15:55 GMT Mar 1
  • SUP 1: 143.57 Low Feb 27
  • SUP 2: 142.15 Low Feb 24 and a key support
  • SUP 3: 141.52 Low Feb 14
  • SUP 4: 140.14 Low Feb 13

EURJPY trend conditions remain bullish and the cross is trading closer to its recent highs. Fresh gains maintain a bullish sequence of higher highs and higher lows, with the cross having cleared 144.19. This is the 61.8% retracement of the Oct 21 - Jan 3 bear leg. The breach opens 145.80, the 76.4% retracement and 146.73, the Dec 15 high. On the downside, a key short-term support has been defined at 142.15, the Feb 24 low.

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