• 779 days Will The ECB Continue To Hike Rates?
  • 779 days Forbes: Aramco Remains Largest Company In The Middle East
  • 781 days Caltech Scientists Succesfully Beam Back Solar Power From Space
  • 1,181 days Could Crypto Overtake Traditional Investment?
  • 1,186 days Americans Still Quitting Jobs At Record Pace
  • 1,188 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 1,191 days Is The Dollar Too Strong?
  • 1,191 days Big Tech Disappoints Investors on Earnings Calls
  • 1,192 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 1,194 days China Is Quietly Trying To Distance Itself From Russia
  • 1,194 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 1,198 days Crypto Investors Won Big In 2021
  • 1,198 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 1,199 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 1,201 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 1,202 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 1,205 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 1,206 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 1,206 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 1,208 days Are NFTs About To Take Over Gaming?
Zombie Foreclosures On The Rise In The U.S.

Zombie Foreclosures On The Rise In The U.S.

During the quarter there were…

Another Retail Giant Bites The Dust

Another Retail Giant Bites The Dust

Forever 21 filed for Chapter…

  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