• 3 hours The Real Estate Reality Of America’s New Boom Cities
  • 1 day Most Americans Don’t Have Their Dream Job Just Yet
  • 2 days Buffett Bets Big On Banking Stocks
  • 2 days Gold Miners Face More Bearish Pressure
  • 3 days NATO Hits Up Startups For Tech Evolution
  • 3 days Italy’s Budget Defiance Sends Bond Yields Soaring
  • 3 days Iran Turns To Crypto As SWIFT Cuts Off Central Bank
  • 3 days Chinese Gold Demand On The Rise
  • 4 days IMF Calls On Central Banks To Consider State-Backed Crypto
  • 4 days Why Are Wall Street Banks Fighting Over Gamers?
  • 4 days An Army Of ‘Verified’ Twitter Accounts Is Promoting Bitcoin Scams
  • 4 days New A.I. Virtual Assistant Gives Traders An Edge
  • 5 days How To Play The 5G Revolution
  • 5 days China’s “Singles’ Day” Sees $31 Billion In Sales
  • 5 days Can Big Oil Save Brazil From Its Crushing Debt?
  • 5 days IBM Launchs Global Payments System With New Stablecoin
  • 6 days Trump Lashes Out As Stocks Slip
  • 6 days Dollar Rally Drags Down Commodities
  • 6 days 5 Signs Pointing To A Gold Rally
  • 6 days Low Oil Prices Weigh On Stock Market
Saudi Stocks Plummet As Foreign Investors Bail

Saudi Stocks Plummet As Foreign Investors Bail

The death of journalist Jamal…

EU Weighs New Payment System With Iran To Skirt U.S. Sanctions

EU Weighs New Payment System With Iran To Skirt U.S. Sanctions

Demonstrating its eagerness to continue…

MIG Bank

MIG Bank

MIG Bank

MIG BANK, formerly known as MIG INVESTMENTS, was established in Neuchatel, Switzerland as an online Forex broker and in 2009 became the world's 1st Forex…

Contact Author

  1. Home
  2. Markets
  3. Other

EUR/JPY – Monitoring Resistance At 122.01

EUR/JPY's bullish momentum is clearly on, despite large downside moves. The pair is monitoring resistance at 122.01 (23/06/2016 high). The road is wide-open for further increase. Hourly support lies at 118.56 (intraday low). Expected to go further higher but larger downside moves may happen again (profit taking).

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. The road is now wide open towards strong support at 94.12 (24/07/2012 low).

Daily Technical Report

 

Read the Report

Back to homepage

Leave a comment

Leave a comment