FREELAND: CANADA WON'T ESCALATE OR BACK DOWN ON US TRADE FIGHT

MNI: PBOC To Aim To Drive Inflation Higher- Advisors

MNI: China To Issue More Bonds As Stimulus Targets Consumption

MNI: PBOC To Aim To Drive Inflation Higher- Advisors

MNI: China To Issue More Bonds As Stimulus Targets Consumption

MNI BRIEF: China Nov M1 Decline Narrows, M2 Slows

EZ/UK T-Bill Calendar: 8/13/28/50-Week BTF Auction on Monday

EZ/UK Bond Supply Calendar: 4.125% Jul-29 Gilt Due on Tuesday

MNI: CANADA OCT WHOLESALE SALES +3.3%; EX-AUTOS +0.5%

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Trend Signals Remain Bullish

EURJPY TECHS
  • RES 4: 166.97 1.50 proj of the Jul 28 - Aug 30 - Oct 3 price swing
  • RES 3: 165.99 1.382 proj of the Jul 28 - Aug 30 - Oct 3 price swing
  • RES 2: 164.77 1.236 proj of the Jul 28 - Aug 30 - Oct 3 price swing
  • RES 1: 164.30 High Nov 16 and the bull trigger
  • PRICE: 162.23 @ 17:03 GMT Nov 28
  • SUP 1: 161.96/25 20-day EMA / Low Nov 21
  • SUP 2: 160.21 50-day EMA
  • SUP 3: 159.07 Low Nov 1 / 2
  • SUP 4: 157.70 Low Oct 30

The primary uptrend in EURJPY remains intact and short-term weakness is considered corrective. The cross has recently tested support at the 20-day EMA - at 161.96 today. A clear breach of this average would signal scope for a deeper retracement towards the 50-day EMA, at 160.21. On the upside, a clearance of 164.30, the Nov 16 high, would confirm a resumption of the uptrend and open 164.77, a Fibonacci projection.

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

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.