News & Analysis at your fingertips.

We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site. See our updated Privacy Policy here.



Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events


Economic Calendar

Economic Calendar Events

Free Trading Guides
Please try again
More View more
Forex: EUR/JPY Technical Analysis – Support Found at 140.00 Mark

Forex: EUR/JPY Technical Analysis – Support Found at 140.00 Mark

Ilya Spivak, Head Strategist, APAC

To receive Ilya's analysis directly via email, please SIGN UP HERE

Talking Points:

  • EUR/JPY Technical Strategy: Flat
  • Support: 139.95 (Mar 28 low)
  • Resistance: 141.73 (23.6% Fib exp.), 142.84 (38.2% Fib exp.)

The Euro recoiled higher to challenge the top of a now-familiar consolidation range having tested the 140.00 figure against the Japanese Yen. Near-term resistance is at 141.73, the 23.6% Fibonacci expansion, with a break above this barrier on a daily closing basis exposing the 38.2% level at 142.84. Near-term support is at 139.95, the March 28 low.

Prices are too close to relevant resistance to justify a long position from a risk/reward perspective. On the other hand, entering short looks premature absent a defined bearish reversal signal. With that in mind, we will continue to stand aside for now.

Confirm your chart-based trade setups with the Technical Analyzer. New to FX? Start Here!

dailyclassics_eur-jpy_body_Picture_12.png, Forex: EUR/JPY Technical Analysis – Support Found at 140.00 Mark

Daily Chart - Created Using FXCM Marketscope 2.0

--- Written by Ilya Spivak, Currency Strategist for

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.