• 738 days Will The ECB Continue To Hike Rates?
  • 738 days Forbes: Aramco Remains Largest Company In The Middle East
  • 740 days Caltech Scientists Succesfully Beam Back Solar Power From Space
  • 1,140 days Could Crypto Overtake Traditional Investment?
  • 1,145 days Americans Still Quitting Jobs At Record Pace
  • 1,147 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 1,150 days Is The Dollar Too Strong?
  • 1,150 days Big Tech Disappoints Investors on Earnings Calls
  • 1,151 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 1,153 days China Is Quietly Trying To Distance Itself From Russia
  • 1,153 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 1,157 days Crypto Investors Won Big In 2021
  • 1,157 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 1,158 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 1,160 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 1,161 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 1,164 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 1,165 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 1,165 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 1,167 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…

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 - Continued Bearish Pressures

EUR/JPY rejection at 122.88 has triggered a correction. The pair is also very volatile. Hourly support can be found at 119.33 (23/03/2017 low). Resistance stands at 122.88 (13/03/0217 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 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