• 647 days Will The ECB Continue To Hike Rates?
  • 647 days Forbes: Aramco Remains Largest Company In The Middle East
  • 649 days Caltech Scientists Succesfully Beam Back Solar Power From Space
  • 1,049 days Could Crypto Overtake Traditional Investment?
  • 1,053 days Americans Still Quitting Jobs At Record Pace
  • 1,055 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 1,058 days Is The Dollar Too Strong?
  • 1,059 days Big Tech Disappoints Investors on Earnings Calls
  • 1,060 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 1,061 days China Is Quietly Trying To Distance Itself From Russia
  • 1,062 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 1,066 days Crypto Investors Won Big In 2021
  • 1,066 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 1,067 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 1,069 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 1,069 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 1,073 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 1,073 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 1,074 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 1,076 days Are NFTs About To Take Over Gaming?
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…

Zombie Foreclosures On The Rise In The U.S.

Zombie Foreclosures On The Rise In The U.S.

During the quarter there were…

Strong U.S. Dollar Weighs On Blue Chip Earnings

Strong U.S. Dollar Weighs On Blue Chip Earnings

Earnings season is well underway,…

  1. Home
  2. Markets
  3. Other

EUR/JPY - Bearish Breakout

EUR/JPY has broken downtrend channel. Shortterm bullish momentum is fading. Hourly support is given at 124.68 (22/03/2016 low) while hourly resistance can be found at 128.22 (31/03/2016 high). Expected to show further consolidation.

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. Strong 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