Reporting on key macro data at the time of release.
Real-time insight on key fixed income and fx markets.
- Emerging MarketsEmerging Markets
Real-time insight of emerging markets in CEMEA, Asia and LatAm region
- Political RiskPolitical Risk
Intelligence on key political and geopolitical events around the world.
- About Us
EURO-YEN TECHS: Looking For A Bullish Extension
*RES 4: 121.85 200-DMA
*RES 3: 121.48 High Oct 21 and bull trigger
*RES 2: 121.11 High Nov 7
*RES 1: 120.69 High Nov 18
*PRICE: 120.45 @ 10:37 GMT Nov 19
*SUP 1: 119.72 Low Nov 18
*SUP 2: 119.25 Low Nov 14 and bear trigger
*SUP 3: 118.76 61.8% retracement of Oct 3 - Oct 21 rally
*SUP 4: 118.64 Bear channel base drawn off the Sep 3 low
EURJPY maintains a bullish focus for now following Friday's recovery. The climb
Friday followed a test of an important support at 119.50/40. Furthermore, the
firm close that day near session highs confirmed a strong candle pattern, a
bullish engulfing reversal. This signals the end of the move lower since Oct 21
and places the cross back in a bull camp. Attention is on resistance at 121.48,
Oct 21 high and the key bull trigger. Support is at 119.25, Nov 14 low.