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Key Support Remains Exposed

EURJPY TECHS
Foreign Exchange Technical AnalysisHomepagemarkets-real-timeBulletMarketsForeign Exchange News
  • RES 4: 143.16 61.8% retracement of the Dec 15 - Jan 3 bear leg
  • RES 3: 142.86/94 High Jan 11 / High Dec 28 and key resistance
  • RES 2: 141.69 High Jan 18
  • RES 1: 140.47/141.69 20-day EMA / High Jan 18
  • PRICE: 139.80 @ 07:17 GMT Jan 20
  • SUP 1: 137.92 Low Jan 19
  • SUP 2: 137.39 Low Jan 3 and the bear trigger
  • SUP 3: 137.03 Low Aug 29
  • SUP 4: 136.02 Low Aug 25

EURJPY continues to trade below Wednesday’s high of 141.69. The reversal from 141.69 highlights a bearish threat and has exposed support at 137.39, the Jan 3 low and bear trigger. A break of this level would confirm a resumption of the downtrend and open 137.03, the Aug 29 low. MA studies remain in a bear mode position and this highlights a dominant downtrend. Key resistance is at 141.69/142.86, the Jan 18 and 11 highs respectively.

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  • RES 4: 143.16 61.8% retracement of the Dec 15 - Jan 3 bear leg
  • RES 3: 142.86/94 High Jan 11 / High Dec 28 and key resistance
  • RES 2: 141.69 High Jan 18
  • RES 1: 140.47/141.69 20-day EMA / High Jan 18
  • PRICE: 139.80 @ 07:17 GMT Jan 20
  • SUP 1: 137.92 Low Jan 19
  • SUP 2: 137.39 Low Jan 3 and the bear trigger
  • SUP 3: 137.03 Low Aug 29
  • SUP 4: 136.02 Low Aug 25

EURJPY continues to trade below Wednesday’s high of 141.69. The reversal from 141.69 highlights a bearish threat and has exposed support at 137.39, the Jan 3 low and bear trigger. A break of this level would confirm a resumption of the downtrend and open 137.03, the Aug 29 low. MA studies remain in a bear mode position and this highlights a dominant downtrend. Key resistance is at 141.69/142.86, the Jan 18 and 11 highs respectively.