• 481 days Will The ECB Continue To Hike Rates?
  • 481 days Forbes: Aramco Remains Largest Company In The Middle East
  • 483 days Caltech Scientists Succesfully Beam Back Solar Power From Space
  • 883 days Could Crypto Overtake Traditional Investment?
  • 888 days Americans Still Quitting Jobs At Record Pace
  • 890 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 893 days Is The Dollar Too Strong?
  • 893 days Big Tech Disappoints Investors on Earnings Calls
  • 894 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 896 days China Is Quietly Trying To Distance Itself From Russia
  • 896 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 900 days Crypto Investors Won Big In 2021
  • 900 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 901 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 903 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 904 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 907 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 908 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 908 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 910 days Are NFTs About To Take Over Gaming?
  1. Home
  2. Markets
  3. Other

EUR/JPY - Consolidating Around 5-Month High

EUR/JPY's buying pressures are there. Strong resistance standing at 124.10 (15/12/2016 low) has been broken. Major support is given at 114.90 (18/04/2017low). Expected to see further renewed buying pressures towards 125.00.

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