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EURJPY TECHS
  • RES 4: 147.75 High Oct 31
  • RES 3: 147.10 High Nov 9 2022
  • RES 2: 146.73 High Dec 15
  • RES 1: 146.38 High Apr 12
  • PRICE: 146.42 @ 06:47 BST Apr 13
  • SUP 1: 144.88 Low Apr 11
  • SUP 2: 143.96 20-day EMA
  • SUP 3: 143.26 50-day EMA
  • SUP 4: 142.55 Low Apr 6

EURJPY traded higher again Wednesday. The cross has breached the 136.00 handle and recent gains also confirmed a clear break of resistance at 145.57, Mar 2 high. This strengthens bullish conditions and paves the way for a climb towards 146.73, the Dec 15 high. Moving average studies are in a bull-mode condition highlighting an uptrend. On the downside, key short-term support has been defined at 142.55, the Apr 6 low.

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