• 707 days Will The ECB Continue To Hike Rates?
  • 708 days Forbes: Aramco Remains Largest Company In The Middle East
  • 709 days Caltech Scientists Succesfully Beam Back Solar Power From Space
  • 1,109 days Could Crypto Overtake Traditional Investment?
  • 1,114 days Americans Still Quitting Jobs At Record Pace
  • 1,116 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 1,119 days Is The Dollar Too Strong?
  • 1,119 days Big Tech Disappoints Investors on Earnings Calls
  • 1,120 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 1,122 days China Is Quietly Trying To Distance Itself From Russia
  • 1,122 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 1,126 days Crypto Investors Won Big In 2021
  • 1,126 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 1,127 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 1,129 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 1,130 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 1,133 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 1,134 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 1,134 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 1,136 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…

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 - Bouncing On And Off

EUR/JPY is bouncing within the current 121.68 to 124.10 range. Weak demand indicates no near term challenge to range top. Hourly support is located at 122.02 (05/01/2017 low) and hourly resistance can be found at 123.68 (intraday high). Expect to go way lower in case the pair breaks 122.00.

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 at 94.12 (24/07/2012 low) looks nonetheless far away.

Daily Technical Report

 

Read the Report

Back to homepage

Leave a comment

Leave a comment