Bullish consolidation.
(By Yann Quelenn )
• EUR/JPY is now consolidating after its recent
rally. Key resistance is located at 128.83
(30/06/2017). Hourly support can be found at
127.10 (30/06/2017). Next support is given at
122.56 (18/05/2017 low). Further upside is
favored.
• 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.
