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Resumes Its Uptrend

EURJPY TECHS
  • RES 4: 152.81 1.50 proj of the Mar 20 - 21 - Apr 6 price swing
  • RES 3: 152.00 1.382 proj of the Mar 20 - 21 - Apr 6 price swing
  • RES 2: 151.00 1.236 proj of the Mar 20 - 21 - Apr 6 price swing
  • RES 1: 150.04 Intraday high
  • PRICE: 150.03 @ 19:57 BST Apr 28
  • SUP 1: 148.62 High Apr 25
  • SUP 2: 146.92/29 Intraday low / Low Apr 25 and a key S/T support
  • SUP 3: 146.24 20-day EMA
  • SUP 4: 145.77 Low Apr 12

EURJPY has traded sharply higher today, clearing Tuesday’s 148.62 high. This confirms a resumption of the uptrend and cancels recent short-term bearish threats. The move higher signals scope for a climb towards 151.00 (with 150.00 cleared). Moving average studies remain in a bull mode position, highlighting an uptrend Key short-term support has been defined at 146.29, the Apr 25 low, where a break is required to highlight a short-term reversal.

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