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USDCAD TECHS

Heading North

GLOBAL POLITICAL RISK

Modi, AMLO Top Major Economy Leader Poll, Macron Last

AUDUSD TECHS

Under Pressure

EURJPY TECHS

Trend Condition Remains Bearish

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  • RES 4: 134.40 2.382 proj of the Sep 22 - 29 - Oct 6 price swing
  • RES 3: 134.13 High Jun 1 and a key resistance
  • RES 2: 133.76 High Jun 10
  • RES 1: 133.48 High Oct 20
  • PRICE: 132.31 @ 06:39 BST Oct 27
  • SUP 1: 131.81/131.37 Low Oct 15 / 20-day EMA
  • SUP 2: 130.75 Sep 3 high
  • SUP 3: 130.50 50-day EMA
  • SUP 4: 129.28 Low Oct 11

EURJPY is off recent highs. Recent weakness is still considered corrective. And last week's climb confirmed an extension of the upleg from Oct 6. The cross has also recently cleared 130.75, the Sep 3 high and a bull trigger strengthening bullish conditions. The focus is on 133.76 next, Jun 10 high and key resistance at 134.13, Jun 1 high. Initial support is at 131.81, Oct 15 low. The 20-day EMA, as support, intersects at 131.37.