• 1,112 days Will The ECB Continue To Hike Rates?
  • 1,113 days Forbes: Aramco Remains Largest Company In The Middle East
  • 1,114 days Caltech Scientists Succesfully Beam Back Solar Power From Space
  • 1,514 days Could Crypto Overtake Traditional Investment?
  • 1,519 days Americans Still Quitting Jobs At Record Pace
  • 1,521 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 1,524 days Is The Dollar Too Strong?
  • 1,524 days Big Tech Disappoints Investors on Earnings Calls
  • 1,525 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 1,527 days China Is Quietly Trying To Distance Itself From Russia
  • 1,527 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 1,531 days Crypto Investors Won Big In 2021
  • 1,531 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 1,532 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 1,534 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 1,535 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 1,538 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 1,539 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 1,539 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 1,541 days Are NFTs About To Take Over Gaming?
Is The Bull Market On Its Last Legs?

Is The Bull Market On Its Last Legs?

This aging bull market may…

The Problem With Modern Monetary Theory

The Problem With Modern Monetary Theory

Modern monetary theory has been…

  1. Home
  2. Markets
  3. Other

EUR/JPY - Approaching The Resistance at 136.70

There is a persistent succession of higher highs which favors a bullish EUR/JPY. Key resistance stands at 136.70 (11/02/2015). Support is located at 134.74 (rising uptrend line) then 134.31 (13/05/2015 low).

In the longer term, the break of the support at 130.15 validates a medium-term succession of lower highs and lower lows. As a result, the resistance at 149.78 (08/12/2014 high) has likely marked the end of the rise that started in July 2012. Key supports stand at 124.97 (13/06/2013 low) and 118.73 (25/02/2013 low). A key resistance can be found at 136.70 (11/02/2015 high).

Daily Technical Report

 

Read the Report

Back to homepage

Leave a comment

Leave a comment