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Support Remains Exposed

EURJPY TECHS
Foreign Exchange Technical AnalysisHomepagemarkets-real-timeBulletMarketsForeign Exchange News
  • RES 4: 144.96 High Mar 15
  • RES 3: 143.06 20-day EMA
  • RES 2: 142.75 50-day EMA
  • RES 1: 142.21 High Mar 17
  • PRICE: 141.08 @ 16:05 GMT Mar 20
  • SUP 1: 138.83 Low Mar 20
  • SUP 2: 138.62 3.0% 10-dma envelope
  • SUP 3: 137.92 Low Jan 19
  • SUP 4: 137.39 Low Jan 3 and a key support

EURJPY traded lower Monday and the cross continues to appear vulnerable. Short-term gains are considered corrective and last week’s move lower signals scope for a continuation of the current bear cycle. Monday’s resumption of the downleg opens the 138.00 handle with the short-term bear trigger at 139.13 breached, the Mar 16 low. Initial firm resistance is seen at 142.21, the Feb 17 high.

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  • RES 4: 144.96 High Mar 15
  • RES 3: 143.06 20-day EMA
  • RES 2: 142.75 50-day EMA
  • RES 1: 142.21 High Mar 17
  • PRICE: 141.08 @ 16:05 GMT Mar 20
  • SUP 1: 138.83 Low Mar 20
  • SUP 2: 138.62 3.0% 10-dma envelope
  • SUP 3: 137.92 Low Jan 19
  • SUP 4: 137.39 Low Jan 3 and a key support

EURJPY traded lower Monday and the cross continues to appear vulnerable. Short-term gains are considered corrective and last week’s move lower signals scope for a continuation of the current bear cycle. Monday’s resumption of the downleg opens the 138.00 handle with the short-term bear trigger at 139.13 breached, the Mar 16 low. Initial firm resistance is seen at 142.21, the Feb 17 high.