Free Trial

Maintains A Bullish Tone

EURJPY TECHS
  • RES 4: 134.80 High Feb 8, 2018
  • RES 3: 134.55 Bull channel top drawn off the Oct 30, 2020 low
  • RES 2: 134.19 1.618 proj of Jun - Sep - Oct 2020 swing
  • RES 1: 134.13 High Jun 1
  • PRICE: 133.95 @ 16:30 BST Jun 1
  • SUP 1: 132.7420-day EMA
  • SUP 2: 132.52 Low May 24
  • SUP 3: 131.69 Low May 12
  • SUP 4: 131.04 Bull channel base drawn off the Oct 30, 2020 low

EURJPY is holding onto recent gains and Tuesday touched a high of 134.13. The extension reinforces bullish conditions signalling scope for further gains within the rising channel drawn off the Oct 30 2020 low. The top of the channel intersects at 134.55. Moving average studies remain in bull mode, reinforcing current conditions. Initial firm support lies at 132.52, May 24 low.

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.