(01 MAY 2017)EUR / JPY:Stalling below 120.00.

(01 MAY 2017)EUR / JPY:Stalling below 120.00.

1 May 2017, 15:10
Jiming Huang
0
20

EURJPY

Stalling below 120.00.

• EUR/JPY's buying pressures are there. Key 

resistance area is given around 122.00 and 

stronger resistance stands at 123.31 (27/01/0217 

high). Major support is given at 114.90 

(18/04/2017low). Expected to see short-term 

consolidation before seeing another leg higher. 

• 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 Yann Quelenn )

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