EURJPY TECHS: Remains Vulnerable
Jul-15 19:00
- RES 4: 144.28 High Jun 28 and key resistance
- RES 3: 142.37 High Jul 5
- RES 2: 141.40 Low Jun 24
- RES 1: 139.87 High Jul 15
- PRICE: 139.81 @ 16:39 BST Jul 15
- SUP 1: 136.87 Low Jul 8
- SUP 2: 136.25 Low May 30
- SUP 3: 135.40 76.4% retracement of the May 12 - Jun 28 climb
- SUP 4: 134.81 3.0% 10-dma envelope
EURJPY remains above its recent lows. The cross still appears vulnerable following the reversal from 144.28, the Jun 28 high. Price remains below the 50-day EMA and has recently traded below support at 137.85. A clear breach of this level would strengthen bearish conditions and open 136.25, the May 30 low. Initial firm resistance is seen at 139.79, the 20-day EMA ahead of 142.37, the July 5 high.
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| New York Fed EFFR for prior session (rate, chg from prev day): |
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