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Maintains A Bullish Tone

EURJPY TECHS
  • RES 4: 159.92 2.236 proj of the May 11 - 29 - 31 price swing
  • RES 3: 159.09 2.0% 10-dma envelope
  • RES 2: 158.72 2.00 proj of the May 11 - 29 - 31 price swing
  • RES 1: 158.00 High Jun 28
  • PRICE: 157.24 @ 06:58 BST Jun 30
  • SUP 1: 155.06/154.05 Low Jun 23 / 20 and key short-term support
  • SUP 2: 154.26 20-day EMA
  • SUP 3: 153.09 Low Jun 16
  • SUP 4: 151.61 Low Jun 15

EURJPY maintains a bullish tone and the cross is holding on to its latest gains. This week’s price action reinforces a bullish theme and maintains the price sequence of higher highs and higher lows. Moving average studies are in a bull mode position too, highlighting positive market sentiment. The focus is on 158.72, a Fibonacci projection. Initial key support is at 155.06, the Jun 23 low.

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