Free Trial
US

Atlanta Fed GDPNow Q1 '23 Est

EQUITIES

Earnings Cycle Reaches Critical Mass Next Week

US 10YR FUTURE TECHS

‌‌(H3)‌‌ Approaching Support

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access

Pierces The 20-Day EMA

EURJPY TECHS
  • RES 4: 144.00 Round number resistance
  • RES 3: 143.16 61.8% retracement of the Dec 15 - Jan 3 bear leg
  • RES 2: 142.86/94 High Jan 11 / High Dec 28 and key resistance
  • RES 1: 142.06 50.0% retracement of the Dec 15 - Jan 3 downleg
  • PRICE: 141.79 @ 06:50 GMT Jan 23
  • SUP 1: 140.47/137.92 Intraday low / Low Jan 19
  • SUP 2: 137.39 Low Jan 3 and the bear trigger
  • SUP 3: 137.03 Low Aug 29
  • SUP 4: 136.02 Low Aug 25

EURJPY is trading firmer this morning as the cross extends the bounce from last week’s low of 137.92 on Jan 19. The 20-day EMA, at 141.77, has been pierced. A clear break of the EMA would expose key short-term resistance at 142.86, the Jan 11 high. The broader trend direction remains down. A reversal would again refocus attention on the bear trigger at 137.39, the Jan 3 low. Clearance of this level resumes the downtrend.

155 words

To read the full story

Why Subscribe to

MarketNews.com

MNI is the leading provider

of news and intelligence specifically for the Global Foreign Exchange and Fixed Income Markets, providing timely, relevant, and critical insight for market professionals and those who want to make informed investment decisions. We offer not simply news, but news analysis, linking breaking news to the effects on capital markets. Our exclusive information and intelligence moves markets.

Our credibility

for delivering mission-critical information has been built over three decades. The quality and experience of MNI's team of analysts and reporters across America, Asia and Europe truly sets us apart. Our Markets team includes former fixed-income specialists, currency traders, economists and strategists, who are able to combine expertise on macro economics, financial markets, and political risk to give a comprehensive and holistic insight on global markets.
  • RES 4: 144.00 Round number resistance
  • RES 3: 143.16 61.8% retracement of the Dec 15 - Jan 3 bear leg
  • RES 2: 142.86/94 High Jan 11 / High Dec 28 and key resistance
  • RES 1: 142.06 50.0% retracement of the Dec 15 - Jan 3 downleg
  • PRICE: 141.79 @ 06:50 GMT Jan 23
  • SUP 1: 140.47/137.92 Intraday low / Low Jan 19
  • SUP 2: 137.39 Low Jan 3 and the bear trigger
  • SUP 3: 137.03 Low Aug 29
  • SUP 4: 136.02 Low Aug 25

EURJPY is trading firmer this morning as the cross extends the bounce from last week’s low of 137.92 on Jan 19. The 20-day EMA, at 141.77, has been pierced. A clear break of the EMA would expose key short-term resistance at 142.86, the Jan 11 high. The broader trend direction remains down. A reversal would again refocus attention on the bear trigger at 137.39, the Jan 3 low. Clearance of this level resumes the downtrend.