FREELAND: CANADA WON'T ESCALATE OR BACK DOWN ON US TRADE FIGHT

MNI: PBOC To Aim To Drive Inflation Higher- Advisors

MNI: China To Issue More Bonds As Stimulus Targets Consumption

MNI: PBOC To Aim To Drive Inflation Higher- Advisors

MNI: China To Issue More Bonds As Stimulus Targets Consumption

MNI BRIEF: China Nov M1 Decline Narrows, M2 Slows

EZ/UK T-Bill Calendar: 8/13/28/50-Week BTF Auction on Monday

EZ/UK Bond Supply Calendar: 4.125% Jul-29 Gilt Due on Tuesday

MNI: CANADA OCT WHOLESALE SALES +3.3%; EX-AUTOS +0.5%

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Pulls Back From Its Recent Highs

EURJPY TECHS
  • RES 4: 146.73 High Dec 15 and a key resistance
  • RES 3: 145.83 High Dec 20
  • RES 2: 143.36 50-day EMA
  • RES 1: 141.95/142.94 Intraday high / High Dec 28
  • PRICE: 141.03 @ 07:03 GMT Dec 30
  • SUP 1: 140.34 Low Dec 26
  • SUP 2: 139.96 Low Dec 22
  • SUP 3: 138.81 Low Dec 20 and the bear trigger
  • SUP 4: 138.06 Low Sep 28

EURJPY has pulled back from Wednesday’s high of 142.94 and a key resistance at the 50-day EMA remains intact. The average intersects at 143.36 and is a key hurdle for bulls. A clear break of it would signal scope for a stronger recovery and highlight potential for a climb above the 144.00 handle. The trend condition remains bearish. A stronger reversal lower would instead refocus attention on the 138.81 bear trigger, the Dec 20 low.

Foreign Exchange Technical AnalysisHomepagemarkets-real-timeBulletMarketsForeign Exchange Bullets

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.