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EURJPY TECHS
  • RES 4: 165.99 1.382 proj of the Jul 28 - Aug 30 - Oct 3 price swing
  • RES 3: 164.77 1.236 proj of the Jul 28 - Aug 30 - Oct 3 price swing
  • RES 2: 164.00 Round number resistance
  • RES 1: 163.80 High Nov 14
  • PRICE: 162.97 @ 16:24 GMT Nov 14
  • SUP 1: 161.55 Low Nov 13
  • SUP 2: 160.07/158.80 20- and 50-day EMA values
  • SUP 3: 157.70 Low Oct 30
  • SUP 4: 156.98 Low Oct 16

EURJPY bulls remain in the driver’s seat and the cross continues to appreciate. This reinforces bullish conditions and maintains the positive price sequence of higher highs and higher lows. Moving average studies are in a bull-mode position, reflecting the market's positive sentiment. Sights are on the 164.00 handle next. On the downside, initial firm support lies at 160.07, the 20-day EMA.

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