Free Trial
AUSSIE 10-YEAR TECHS

(U2) More Stable But Still Fragile

USDCAD TECHS

Trend Structure Remains Bullish

US TSYS

Cautious Risk Appetite Gains Momentum

AUDUSD TECHS

Key Support Still Exposed

US STOCKS

Late Equity Roundup: 2W Highs

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

Through Key Resistance

EURJPY TECHS
  • RES 4: 140.00 Round number resistance
  • RES 3: 139.38 0.382 proj of the Mar 7 - 28 - Apr 8 price swing
  • RES 2: 139.06 High Apr 19
  • RES 1: 139.00 2.0% 10-dma envelope
  • PRICE: 138.82 @ 15:45 BST Apr 19
  • SUP 1: 134.93/134.36 20-day EMA / Low Apr 8 and a key support
  • SUP 2: 133.94 Low Mar 28
  • SUP 3: 132.86 50-day EMA
  • SUP 4: 131.59 Low Mar 22

EURJPY traded well Tuesday, inching to a fresh cycle high of 139.06. This puts the cross well through its key short-term resistance of 137.50/53, the Feb 2 ‘18 high and Mar 28 high respectively. This confirms a resumption of the current bull cycle that started Mar 7. The move higher also confirms the end of the recent corrective phase. The focus is on 139.38, 0.382 proj of the Mar 7 - 28 - Apr 8 price swing. On the downside, key short-term trend support has been defined at 134.36, the Apr 8 low.

160 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: 140.00 Round number resistance
  • RES 3: 139.38 0.382 proj of the Mar 7 - 28 - Apr 8 price swing
  • RES 2: 139.06 High Apr 19
  • RES 1: 139.00 2.0% 10-dma envelope
  • PRICE: 138.82 @ 15:45 BST Apr 19
  • SUP 1: 134.93/134.36 20-day EMA / Low Apr 8 and a key support
  • SUP 2: 133.94 Low Mar 28
  • SUP 3: 132.86 50-day EMA
  • SUP 4: 131.59 Low Mar 22

EURJPY traded well Tuesday, inching to a fresh cycle high of 139.06. This puts the cross well through its key short-term resistance of 137.50/53, the Feb 2 ‘18 high and Mar 28 high respectively. This confirms a resumption of the current bull cycle that started Mar 7. The move higher also confirms the end of the recent corrective phase. The focus is on 139.38, 0.382 proj of the Mar 7 - 28 - Apr 8 price swing. On the downside, key short-term trend support has been defined at 134.36, the Apr 8 low.