• 1,140 days Will The ECB Continue To Hike Rates?
  • 1,141 days Forbes: Aramco Remains Largest Company In The Middle East
  • 1,143 days Caltech Scientists Succesfully Beam Back Solar Power From Space
  • 1,542 days Could Crypto Overtake Traditional Investment?
  • 1,547 days Americans Still Quitting Jobs At Record Pace
  • 1,549 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 1,552 days Is The Dollar Too Strong?
  • 1,552 days Big Tech Disappoints Investors on Earnings Calls
  • 1,553 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 1,555 days China Is Quietly Trying To Distance Itself From Russia
  • 1,555 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 1,559 days Crypto Investors Won Big In 2021
  • 1,559 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 1,560 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 1,562 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 1,563 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 1,566 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 1,567 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 1,567 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 1,569 days Are NFTs About To Take Over Gaming?
Is The Bull Market On Its Last Legs?

Is The Bull Market On Its Last Legs?

This aging bull market may…

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 - Breaking Support At 120.55

EUR/JPY's demand has faded abruptly. Strong hourly support given at 120.55 (17/01/2017 low) has been broken while resistance is given at 123.31 (27/01/2017 high). The road is wide open towards support at 1118.73 (05/12/2016 low).

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