• 14 hours The Fed Is Printing Money At Unprecedented Levels
  • 15 hours How Is The Real Estate Market Handling COVID-19?
  • 16 hours Gold Flat As Markets Await Fed Chair Speech
  • 17 hours What Is Day Trading And Is It Right For You?
  • 18 hours Energy CEOs See Big Payouts Despite Oil Price Crash
  • 19 hours Saudi Arabia Is Fighting A War On Two Fronts
  • 20 hours 40 Million Jobless As Pandemic Fuels Economic Collapse
  • 21 hours What Do India's Latest Reforms Mean For Its Coal Industry?
  • 22 hours Copper Glut Continues To Grow
  • 2 days How A Pandemic Made Americans Better Workers
  • 2 days The Trillion Dollar Space Race Crosses Another Milestone
  • 2 days Gold Prices Fall As Stock Market Sentiment Turns Positive
  • 3 days Conspiracy Theories Set Tone For 5G Cold War
  • 3 days Working From Home Will Transform The Energy Industry
  • 3 days The Multi-Billion Dollar Race For A Vaccine
  • 3 days Can Domestic Tourism Bolster Emerging Economies?
  • 3 days Australia Considers $100 Million Investment To Kickstart Mining Industry
  • 3 days Has Re-Opening The Economy Been Successful?
  • 3 days Gold Miners Still Have Massive Upside Potential
  • 3 days The Risky World Of Oil Hedging
What's Behind The Global EV Sales Slowdown?

What's Behind The Global EV Sales Slowdown?

An economic slowdown in many…

Is The Bull Market On Its Last Legs?

Is The Bull Market On Its Last Legs?

This aging bull market may…

MIG Bank

MIG Bank

MIG Bank

MIG BANK, formerly known as MIG INVESTMENTS, was established in Neuchatel, Switzerland as an online Forex broker and in 2009 became the world's 1st Forex…

Contact Author

  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