Free Trial
CHINA PRESS

China Should Act Early To Avoid Balance Sheet Recession

AUSSIE BONDS

Away From Best Levels

CNH

CNY Fixing - Slightly Firmer Bias

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

Recent Pullback Considered Corrective

EURJPY TECHS
  • RES 4: 147.56 2.50 proj of the Aug 2- 10 - 16 price swing
  • RES 3: 146.97 2.382 proj of the Aug 2- 10 - 16 price swing
  • RES 2: 146.23 2.236 proj of the Aug 2- 10 - 16 price swing
  • RES 1: 144.48/45.64 High Sep 14 / 9 and the bull trigger
  • PRICE: 143.06 @ 20:08 BST Sep 16
  • SUP 1: 142.30/141.37 Low Sep 14 / 7
  • SUP 2: 141.08 20-day EMA
  • SUP 3: 139.60 50-day EMA
  • SUP 4: 138.69 Low Sep 5

EURJPY remains below Monday’s high. The outlook is bullish and the latest move lower is considered corrective. The recent break of 144.28, Jun 28 high and a major resistance, reinforced bullish conditions and confirmed a resumption of the uptrend that began in March 2022. This has opened 146.23, a Fibonacci projection. Initial firm support is seen at 141.08, the 20-day EMA. The 50-day EMA lies at 139.60 - a key support.

152 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: 147.56 2.50 proj of the Aug 2- 10 - 16 price swing
  • RES 3: 146.97 2.382 proj of the Aug 2- 10 - 16 price swing
  • RES 2: 146.23 2.236 proj of the Aug 2- 10 - 16 price swing
  • RES 1: 144.48/45.64 High Sep 14 / 9 and the bull trigger
  • PRICE: 143.06 @ 20:08 BST Sep 16
  • SUP 1: 142.30/141.37 Low Sep 14 / 7
  • SUP 2: 141.08 20-day EMA
  • SUP 3: 139.60 50-day EMA
  • SUP 4: 138.69 Low Sep 5

EURJPY remains below Monday’s high. The outlook is bullish and the latest move lower is considered corrective. The recent break of 144.28, Jun 28 high and a major resistance, reinforced bullish conditions and confirmed a resumption of the uptrend that began in March 2022. This has opened 146.23, a Fibonacci projection. Initial firm support is seen at 141.08, the 20-day EMA. The 50-day EMA lies at 139.60 - a key support.