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Impulsive Bear Leg

EURJPY TECHS
Foreign Exchange Technical AnalysisHomepagemarkets-real-timeBulletMarketsForeign Exchange News
  • RES 4: 143.46 20-day EMA
  • RES 3: 142.88 50-day EMA
  • RES 2: 142.15 Low Feb 24
  • RES 1: 141.42 Intraday high
  • PRICE: 140.91 @ 07:03 GMT Mar 16
  • SUP 1: 139.48 Low Mar 15 and today’s bear trigger
  • SUP 2: 139.06 Low Jan 20
  • SUP 3: 137.92 Low Jan 19
  • SUP 4: 137.39 Low Jan 3 and a key support

EURJPY traded sharply lower Wednesday and the cross cleared Monday’s low of 141.37. The breach of this key short-term support resumes the downleg that started Mar 2. The move lower signals scope for an extension towards the 138.00 handle. A clear break of 139.56, the Feb 10 low (pierced), would strengthen bearish conditions. Initial firm resistance is seen at 142.15, the Feb 24 low.

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  • RES 4: 143.46 20-day EMA
  • RES 3: 142.88 50-day EMA
  • RES 2: 142.15 Low Feb 24
  • RES 1: 141.42 Intraday high
  • PRICE: 140.91 @ 07:03 GMT Mar 16
  • SUP 1: 139.48 Low Mar 15 and today’s bear trigger
  • SUP 2: 139.06 Low Jan 20
  • SUP 3: 137.92 Low Jan 19
  • SUP 4: 137.39 Low Jan 3 and a key support

EURJPY traded sharply lower Wednesday and the cross cleared Monday’s low of 141.37. The breach of this key short-term support resumes the downleg that started Mar 2. The move lower signals scope for an extension towards the 138.00 handle. A clear break of 139.56, the Feb 10 low (pierced), would strengthen bearish conditions. Initial firm resistance is seen at 142.15, the Feb 24 low.