• RES 4: 173.84 2.0% 10-dma envelope 
• RES 3: 173.05 3.0% Upper Bollinger Band
• RES 2: 172.71 1.00 proj of the May 3 - 15 - 16 price swing   
• RES 1: 172.44 High Jun 28
• PRICE: 172.39 @ 16:27 BST Jun 28
• SUP 1: 170.14 20-day EMA
• SUP 2: 169.01/167.53 Trendline from the Dec 7 ‘23 low / Low Jun 14  
• SUP 3: 167.33 Low May 16 
• SUP 4: 165.64 Low May 7  

The EURJPY trend structure is unchanged and remains bullish. This week’s gains have resulted in a print above key resistance and the bull trigger at 171.56, the Apr 29 high. The price appreciation confirms a resumption of the uptrend and sights are set on 172.71, a Fibonacci projection. Initial firm support lies at 170.14, the 20-day EMA. Key trendline support, drawn from the Dec 7 ‘23 low, is at 169.01.