• 1,137 days Will The ECB Continue To Hike Rates?
  • 1,137 days Forbes: Aramco Remains Largest Company In The Middle East
  • 1,139 days Caltech Scientists Succesfully Beam Back Solar Power From Space
  • 1,539 days Could Crypto Overtake Traditional Investment?
  • 1,544 days Americans Still Quitting Jobs At Record Pace
  • 1,545 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 1,549 days Is The Dollar Too Strong?
  • 1,549 days Big Tech Disappoints Investors on Earnings Calls
  • 1,550 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 1,551 days China Is Quietly Trying To Distance Itself From Russia
  • 1,552 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 1,556 days Crypto Investors Won Big In 2021
  • 1,556 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 1,557 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 1,559 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 1,560 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 1,563 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 1,564 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 1,564 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 1,566 days Are NFTs About To Take Over Gaming?
Another Retail Giant Bites The Dust

Another Retail Giant Bites The Dust

Forever 21 filed for Chapter…

How The Ultra-Wealthy Are Using Art To Dodge Taxes

How The Ultra-Wealthy Are Using Art To Dodge Taxes

More freeports open around the…

What's Behind The Global EV Sales Slowdown?

What's Behind The Global EV Sales Slowdown?

An economic slowdown in many…

  1. Home
  2. Markets
  3. Other

EUR/JPY - Challenging The Support at 132.00

EUR/JPY has weakened further and is now challenging the support at 132.00. Another support can be found at 130.15. Hourly resistances now stand at 133.59 (05/03/2015 low, see also the declining channel) and 134.60 (02/03/2015 high).

In the longer term, the break of the strong support at 134.11 (20/11/2013 low) invalidates the long-term succession of higher lows. The resistance at 149.78 (08/12/2014 high) has likely marked the end of the rise that started in July 2012. More sideways moves are now expected. A key support stands at 124.97 (13/06/2013 low), whereas key resistances can be found at 137.64 (20/01/2015 high) and 141.72 (08/01/2015 high).

Daily Technical Report

 

Read the Report

Back to homepage

Leave a comment

Leave a comment