• 688 days Will The ECB Continue To Hike Rates?
  • 688 days Forbes: Aramco Remains Largest Company In The Middle East
  • 690 days Caltech Scientists Succesfully Beam Back Solar Power From Space
  • 1,090 days Could Crypto Overtake Traditional Investment?
  • 1,095 days Americans Still Quitting Jobs At Record Pace
  • 1,096 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 1,100 days Is The Dollar Too Strong?
  • 1,100 days Big Tech Disappoints Investors on Earnings Calls
  • 1,101 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 1,102 days China Is Quietly Trying To Distance Itself From Russia
  • 1,103 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 1,107 days Crypto Investors Won Big In 2021
  • 1,107 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 1,108 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 1,110 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 1,110 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 1,114 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 1,115 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 1,115 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 1,117 days Are NFTs About To Take Over Gaming?
The Problem With Modern Monetary Theory

The Problem With Modern Monetary Theory

Modern monetary theory has been…

Market Sentiment At Its Lowest In 10 Months

Market Sentiment At Its Lowest In 10 Months

Stocks sold off last week…

  1. Home
  2. Markets
  3. Other

EUR/JPY- Successful Test of the Support at 122.45

EUR/JPY has bounced near the significant support region around 122.47 (24/03/2016 low), breaking downtrend channel at 124.13. Hourly resistance can be found at 125.01 (01/03/2016 high).

In the longer term, the technical structure 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 support at 124.97 (13/06/2013 low) has been broken. Stronger support is given at 118.73 (25/02/2013 low). A key resistance can be found at 141.06 (04/06/2015 high).

Daily Technical Report

 

Read the Report

Back to homepage

Leave a comment

Leave a comment