register nowRegister now
USDCAD TECHS

Solid Bounce

AUDUSD TECHS

Reverses In Style

EURJPY TECHS

Accelerates Off Bull Trigger

USDJPY TECHS

Still Pointing Higher

EURGBP TECHS

Bouncing Well

GBPUSD TECHS

Bulls Press Pause

Key Support Holds For Now *RES 3:....>

EURO-YEN TECHS
EURO-YEN TECHS: Key Support Holds For Now
*RES 3: 122.15 200-DMA
*RES 2: 121.68/72 50% of Mar 4 - Sep 3 decline / Channel top drawn off Sep 4 low
*RES 1: 121.48 High Oct 21
*PRICE: 120.55 @ 16:09 GMT Oct 31
*SUP 1: 120.35 Low Oct 31 and key short-term support
*SUP 2: 120.01 High Sep 13 and former breakout level
*SUP 3: 119.75 Low Oct 16
EURJPY traded under pressure for much of the Thursday session, increasing the
focus on key support at the 120.35 mark that held. A break and close below here
will open the 120.00 handle and levels not seen since mid-September. For bulls
to regain any control, a break of the Oct 21 high at 121.48 is needed to confirm
a resumption of the uptrend in place since Sep 3 and expose the 200-DMA.
Clearance of the MA and a close above it would open 123.36, Jul 1 high. The
cross still remains below it channel resistance drawn off Sep 3 low.