Free Trial
US EURODLR OPTIONS

BLOCK, Broken Call FLy

US TSY FUTURES

BLOCK, 10Y Buy

EUROZONE T-BILL ISSUANCE

W/C August 8, 2022

STIR FUTURES

Further Fed Funds Rate Increases Post-Payrolls

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

Pulls Back From Tuesday’s High

EURJPY TECHS
  • RES 4: 146.74 High Dec 30, 2014
  • RES 3: 145.00/58 Round number resistance / High Dec 31 2014
  • RES 2: 144.58 0.764 proj of Mar 7 - 28 - Apr 5 swing
  • RES 1: 144.28 High Jun 28 and the bull trigger
  • PRICE: 142.53 @ 06:34 BST Jun 30
  • SUP 1: 141.49/40 20-day EMA / Low Jun 24
  • SUP 2: 139.45 Low Jun 17
  • SUP 3: 139.11/137.85 50-day EMA / Low Jun 16 and key support
  • SUP 4: 136.25 Low May 30

EURJPY traded higher Tuesday, delivering a fresh cycle high of 144.28. The cross has since found resistance and pulled back from Tuesday’s peak. Trend conditions are bullish however recent (failed) reversal patterns and the latest pullback, could be an early warning sign for bulls that the trend is mature. Support to watch is 141.40, the Jun 24 low and just above the 20-day EMA. A break would highlight a short-term top. The bull trigger is 144.28.

154 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: 146.74 High Dec 30, 2014
  • RES 3: 145.00/58 Round number resistance / High Dec 31 2014
  • RES 2: 144.58 0.764 proj of Mar 7 - 28 - Apr 5 swing
  • RES 1: 144.28 High Jun 28 and the bull trigger
  • PRICE: 142.53 @ 06:34 BST Jun 30
  • SUP 1: 141.49/40 20-day EMA / Low Jun 24
  • SUP 2: 139.45 Low Jun 17
  • SUP 3: 139.11/137.85 50-day EMA / Low Jun 16 and key support
  • SUP 4: 136.25 Low May 30

EURJPY traded higher Tuesday, delivering a fresh cycle high of 144.28. The cross has since found resistance and pulled back from Tuesday’s peak. Trend conditions are bullish however recent (failed) reversal patterns and the latest pullback, could be an early warning sign for bulls that the trend is mature. Support to watch is 141.40, the Jun 24 low and just above the 20-day EMA. A break would highlight a short-term top. The bull trigger is 144.28.