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Hits Bull Trigger

EURJPY TECHS
  • RES 4: 134.13 High Jun 1 2021 and a major resistance
  • RES 3: 134.07 3.0% 10-dma envelope
  • RES 2: 133.48 High Oct 20 2021
  • RES 1: 133.33 High Feb 11
  • PRICE: 132.96 @ 17:03 GMT Mar 22
  • SUP 1: 130.72 Low Mar 17
  • SUP 2: 129.58 20-day EMA
  • SUP 3: 127.42 Low Mar 10
  • SUP 4: 126.01 Low Mar 9

EURJPY remains in a short-term uptrend and has topped the bull trigger at the Feb 10 high of 133.15. This strengthens the near-term outlook, with the cross at fresh YTD highs. Upside targets shift higher to 133.48 and the 3.0% 10-dma envelope of 134.07. The cross also remains above both the 20- and 50-day EMAs. Initial support is seen at 130.72, the Mar 17 low.

MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com

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