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EURJPY TECHS
  • RES 4: 152.81 1.50 proj of the Mar 20 - 21 - Apr 6 price swing
  • RES 3: 152.00 1.382 proj of the Mar 20 - 21 - Apr 6 price swing
  • RES 2: 151.61 High May 2 and the bull trigger
  • RES 1: 150.65 High May 26
  • PRICE: 150.13 @ 06:50 BST May 26
  • SUP 1: 148.67 20-day EMA
  • SUP 2: 147.04/146.13 13 50-day EMA / Low May 11
  • SUP 3: 146.05 2.0% 10-dma envelope
  • SUP 4: 145.67 High Mar 31

EURJPY maintains a short-term bullish tone and the cross has edged higher and has topped 150.32, a Fibonacci retracement. The break of this level opens 151.61, the May 2 high and a bull trigger. The 50-day EMA, which intersects at 147.04, remains intact and marks a key support. A clear break of this average is required to signal a reversal. Initial support lies at 148.67, the 20-day EMA.

MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com

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