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Northbound

EURJPY TECHS
  • RES 4: 146.74 High Dec 30 2014
  • RES 3: 145.58 High Dec 31 2014
  • RES 2: 145.00 Round number resistance
  • RES 1: 144.58 0.764 proj of the Mar 7 - 28 - Apr 5 price swing
  • PRICE: 143.35 @ 06:47 BST Jun 9
  • SUP 1: 141.84 Low Jun 8
  • SUP 2: 140.00 High Apr 21 and recent breakout level
  • SUP 3: 138.32/52 High May 9 / 20-day EMA
  • SUP 4: 136.62 50-day EMA

EURJPY gains accelerated Wednesday. The rally above 140.00 this week, confirms a resumption of the uptrend that started Mar 7. Moving average studies continue to point north, reinforcing current conditions and signalling potential for a continuation higher. The focus is on 144.58 next, a Fibonacci projection and 145.00 is also within range. Firm short-term support is seen at 140.00, the recent bull trigger.

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