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Resumes Its Uptrend

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: 145.64 High Sep 9
  • PRICE: 144.25 @ 15:57 BST Sep 12
  • SUP 1: 141.37 Low Sep 7
  • SUP 2: 139.80 20-day EMA
  • SUP 3: 138.88 50-day EMA
  • SUP 4: 138.26 Low Aug 29

EURJPY is starting the week on a bullish note, clearing last week’s highs and touching the best levels since 2015. The break reinforces bullish conditions and maintains a positive price sequence of higher highs and higher lows. The cross has also cleared resistance at 144.28, the Jun 28 high and a major resistance. Initial support is seen at 142.64, the Sep 9 low.

Foreign Exchange Technical AnalysisHomepagemarkets-real-timeBulletMarketsForeign Exchange Bullets
Foreign Exchange Technical AnalysisHomepagemarkets-real-timeBulletMarketsForeign Exchange Bullets

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