• 385 days Could Crypto Overtake Traditional Investment?
  • 390 days Americans Still Quitting Jobs At Record Pace
  • 392 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 395 days Is The Dollar Too Strong?
  • 395 days Big Tech Disappoints Investors on Earnings Calls
  • 396 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 398 days China Is Quietly Trying To Distance Itself From Russia
  • 398 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 402 days Crypto Investors Won Big In 2021
  • 402 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 403 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 405 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 406 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 409 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 410 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 410 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 412 days Are NFTs About To Take Over Gaming?
  • 413 days Europe’s Economy Is On The Brink As Putin’s War Escalates
  • 416 days What’s Causing Inflation In The United States?
  • 417 days Intel Joins Russian Exodus as Chip Shortage Digs In
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 - Ready For A Long-Term Bearish Breakout

EUR/JPY is trading sideways in the mediumterm. Hourly support is located at 120.83 (03/06/2016 low). Hourly resistance can be found at 124.19 (31/05/2016 high). Expected to show continued weakness.

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