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EURJPY TECHS
  • RES 4: 156.23 2.00 proj of the Mar 20 - 21 - Apr 6 price swing
  • RES 3: 155.00 Round number resistance
  • RES 2: 154.62 1.764 proj of the Mar 20 - 21 - Apr 6 price swing
  • RES 1: 153.69 High Jun 15
  • PRICE: 153.53 @ 21:05 BST Jun 16
  • SUP 1: 151.61 Low Jun 15
  • SUP 2: 149.84 20-day EMA
  • SUP 3: 148.36 50-day EMA
  • SUP 4: 147.61 Low May 16

EURJPY traded sharply higher Thursday as this week’s bull run extended. The cross has cleared key resistance at 151.61, the May 2 high and an important bull trigger. This confirms a resumption of the longer-term uptrend. The focus is on 154.62, a Fibonacci projection. On the downside, initial firm support is seen at 149.84, the 20-day EMA. A break would signal a short-term top.

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