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Northbound

EURJPY TECHS
Foreign Exchange Technical AnalysisHomepagemarkets-real-timeBulletMarketsForeign Exchange Bullets
  • RES 4: 168.25 1.50 proj of the Jan 1 - 19 - Feb 1 price swing
  • RES 3: 167.96 2.0% 10-dma envelope
  • RES 2: 167.45 1.382 proj of the Jan 1 - 19 - Feb 1 price swing
  • RES 1: 167.00 Round number resistance
  • PRICE: 166.71 @ 16:36 BST Apr 25
  • SUP 1: 165.44 Low Apr 24
  • SUP 2: 164.46 20-day EMA 161.07 Low Mar 15
  • SUP 3: 164.00 Trendline drawn from the Dec 7 ‘23 low
  • SUP 4: 163.31 50-day EMA

The EURJPY trend condition remains bullish. This week’s gains have resulted in a breach of 165.35, the Mar 20 high, confirming a resumption of the uptrend. The break higher opens 167.45 next, a Fibonacci projection. Key trendline support at 164.00 remains intact. The line is drawn from the Dec 7 ‘23 low and a clear break of it is required to signal a short-term reversal. MA studies remain in a bull-mode set-up too, highlighting a clear uptrend.

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  • RES 4: 168.25 1.50 proj of the Jan 1 - 19 - Feb 1 price swing
  • RES 3: 167.96 2.0% 10-dma envelope
  • RES 2: 167.45 1.382 proj of the Jan 1 - 19 - Feb 1 price swing
  • RES 1: 167.00 Round number resistance
  • PRICE: 166.71 @ 16:36 BST Apr 25
  • SUP 1: 165.44 Low Apr 24
  • SUP 2: 164.46 20-day EMA 161.07 Low Mar 15
  • SUP 3: 164.00 Trendline drawn from the Dec 7 ‘23 low
  • SUP 4: 163.31 50-day EMA

The EURJPY trend condition remains bullish. This week’s gains have resulted in a breach of 165.35, the Mar 20 high, confirming a resumption of the uptrend. The break higher opens 167.45 next, a Fibonacci projection. Key trendline support at 164.00 remains intact. The line is drawn from the Dec 7 ‘23 low and a clear break of it is required to signal a short-term reversal. MA studies remain in a bull-mode set-up too, highlighting a clear uptrend.