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Trend Condition Remains Bullish

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 and the bull trigger
  • PRICE: 143.62 @ 06:48 BST Sep 14
  • SUP 1: 142.64/141.37 Low Sep 9 / 7
  • SUP 2: 140.63 20-day EMA
  • SUP 3: 139.30 50-day EMA
  • SUP 4: 138.69 Low Sep 5

EURJPY has pulled back from Monday’s high. The outlook remains bullish and a move lower is likely a correction. The recent break of 144.28, the Jun 28 high and a major resistance, reinforced bullish conditions and confirmed a resumption of the uptrend that started in March 2022. This has opened 146.23, a Fibonacci projection. Initial support is seen at 142.64, the Sep 9 low.

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