Skip to content
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: Short Position Now in Play

EUR/JPY Technical Analysis: Short Position Now in Play

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: 141.83, 140.36, 139.17
  • Resistance: 143.32, 143.87, 144.80

The Euro may be carving out a top against the Japanese Yen marked by the formation of a bearish Dark Cloud Cover candlestick pattern. Near-term support is at 141.83, the 23.6% Fibonacci retracement, with a break below that on a daily closing basis exposing the 38.2% level at 140.36. Alternatively, a reversal above the 161.8% Fib expansion at 143.32 clears the way for a test of the 176.4% threshold at 143.89.

Our order to sell EURJPY at 143.02 has been triggered. We are initially targeting 141.83, with a stop-loss set to activate on a daily close above 144.21. Half of the trade will be booked and the stop-loss moved to breakeven (143.02) once the first objective is met.

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

EUR/JPY Technical Analysis: Short Position Now in Play

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.