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Probes Support

  • RES 4: 132.70 High Jun 23
  • RES 3: 132.43 High Jul 1 and a key resistance
  • RES 2: 131.09/64 High Jul 13 / 50-day EMA
  • RES 1: 130.43 High Jul 14
  • PRICE: 129.67 @ 20:18 BST Jul 15
  • SUP 1: 129.61 Intraday low
  • SUP 2: 129.35 38.2% retracement of the Oct 2020 - May 2021 rally
  • SUP 3: 128.83 Low Mar 29
  • SUP 4: 128.29 Low Mar 24 and key support

EURJPY traded lower Thursday. The outlook remains bearish and the cross has probed support at 129.63, Jul 8 low. A clear break would reinforce a bearish theme and confirm a resumption of the current downtrend. This would open 129.35 next, a Fibonacci retracement. Moving average studies are in bear mode, reinforcing the bearish theme. On the upside, 131.09, Jul 13 high marks initial firm resistance.

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