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USDCAD TECHS

Heading North

GLOBAL POLITICAL RISK

Modi, AMLO Top Major Economy Leader Poll, Macron Last

AUDUSD TECHS

Under Pressure

EURJPY TECHS

Trend Condition Remains Bearish

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  • RES 4: 134.40 2.382 proj of the Sep 22 - 29 - Oct 6 price swing
  • RES 3: 134.13 High Jun 1 and a key resistance
  • RES 2: 133.76 High Jun 10
  • RES 1: 133.48 High Oct 20
  • PRICE: 132.83 @ 06:41 BST Oct 21
  • SUP 1: 132.15/131.27 Low Oct 18 / Low Oct 14
  • SUP 2: 130.75 Sep 3 high
  • SUP 3: 130.28 50-day EMA
  • SUP 4: 129.28 Low Oct 11

EURJPY maintains a bullish tone and today's pullback is considered corrective. This week's gains confirm an extension of the upleg that started Oct 6. The cross has recently cleared 130.75, the Sep 3 high bull trigger and the rally has maintained an impulsive bullish drive since. The focus is on 133.76 next, Jun 10 high and 134.13, the Jun 1 high. Initial support is at 132.15, Oct 18 low.