(05 JUNE 2017)EUR / JPY:Strengthening.

(05 JUNE 2017)EUR / JPY:Strengthening.

5 June 2017, 13:51
Jiming Huang
0
17

ej

Strengthening.

• EUR/JPY is trading higher. Hourly support is 

given at 122.56 (18/05/2017 low). Hourly 

resistance can be found at 125.82 (16/05/2017 

high). Major support is given at 114.90 

(18/04/2017low). Expected to see the pair 

increasing towards 125.82.. 

• 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)

Share it with friends: