(24 APRIL 2017):EUR / JPY:Consolidating after short-term increase.

(24 APRIL 2017):EUR / JPY:Consolidating after short-term increase.

24 April 2017, 14:15
Jiming Huang
0
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EURJPY

Consolidating after short-term increase.

• EUR/JPY has broken the resistance at 117.43 

(23/11/2016 low). Other resistance stands at 

122.88 (13/03/0217 high). Major support is given 

at 114.90 (18/04/2017low). 

• 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

(By Peter Rosenstreich )

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