Trial now
CHINA

CNY: A Risk-On Currency?

OIL

WTI gains $1

BUNDS

German 5s/30s is flattening

FOREX

Greenback Consolidating, NZD Underperforms

Sign up now for free access to this content.

Please enter your details below and select your areas of interest.

  • 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: 132.57 @ 15:27 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 Thursday'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.