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Holding On To Its Recent Gains

EURJPY TECHS
  • RES 4: 150.00 Round number resistance
  • RES 3: 149.39 1.00 proj of the Mar 20 - 21 - Apr 6 price swing
  • RES 2: 148.40 High Oct 21 2022 and key resistance
  • RES 1: 147.86 High Apr 19
  • PRICE: 147.07 @ 16:37 BST Apr 20
  • SUP 1: 146.08/145.67 Low Apr 13 / High Mar 31
  • SUP 2: 145.19 20-day EMA
  • SUP 3: 143.95 50-day EMA
  • SUP 4: 142.55 Low Apr 6

EURJPY faded Thursday, however bulls remain in the driver’s seat and the cross is holding on to its recent gains. The Apr 11 break of 145.67, Mar 31 high, strengthened bullish conditions and the continued appreciation has opened 148.40 next, the Oct 21 2022 high. Moving average studies are in a bull-mode set-up highlighting a rising trend. Key short-term support has been defined at 142.55, the Apr 6 low. Initial firm support lies at 145.19, the 20-day EMA.

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