• 254 days Will The ECB Continue To Hike Rates?
  • 255 days Forbes: Aramco Remains Largest Company In The Middle East
  • 256 days Caltech Scientists Succesfully Beam Back Solar Power From Space
  • 656 days Could Crypto Overtake Traditional Investment?
  • 661 days Americans Still Quitting Jobs At Record Pace
  • 663 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 666 days Is The Dollar Too Strong?
  • 666 days Big Tech Disappoints Investors on Earnings Calls
  • 667 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 669 days China Is Quietly Trying To Distance Itself From Russia
  • 669 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 673 days Crypto Investors Won Big In 2021
  • 673 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 674 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 676 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 677 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 680 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 681 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 681 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 683 days Are NFTs About To Take Over Gaming?
Another Retail Giant Bites The Dust

Another Retail Giant Bites The Dust

Forever 21 filed for Chapter…

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…

Zombie Foreclosures On The Rise In The U.S.

Zombie Foreclosures On The Rise In The U.S.

During the quarter there were…

  1. Home
  2. Markets
  3. Other

EUR/JPY - Starting To Reverse

EUR/JPY's demand has slowed down after reaching 121.00. Hourly resistance can be located at 121.34 (10/02/2017 high). Strong resistance is given at a distance at 123.31 (27/01/2017 high). Expected to show further 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 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