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
EUR/JPY Technical Analysis: Euro Rallies Most in 6 Months

EUR/JPY Technical Analysis: Euro Rallies Most in 6 Months

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: 140.20, 140.61, 140.20
  • Resistance: 140.61, 141.12, 141.94

The Euro is on pace to produce the largest daily rally in over six months against Japanese Yen and claim a foothold above the 140.00 figure. A daily close above the 61.8% Fibonacci expansion at 140.61 exposes the 76.4% level at 141.12. Alternatively, a turn back below the 50% Fib at 140.20 opens the door for a challenge of the 38.2% expansion at 139.79.

Prices are too close to resistance to justify entering long from a risk/reward perspective. On the other hand, the absence of a defined bearish reversal signal suggests taking up the short side is premature. With that in mind we will remain flat for now.

Add these technical levels directly to your charts with our Support/Resistance Wizard app!

EUR/JPY Technical Analysis: Euro Rallies Most in 6 Months

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.