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.

Free Trading Guides
EUR/USD
Mixed
Low
High
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
Oil - US Crude
Mixed
Low
High
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
Wall Street
Mixed
Low
High
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
Gold
Mixed
GBP/USD
Mixed
USD/JPY
Bullish
Low
High
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
More View more
Real Time News
  • 🇫🇷 Inflation Rate YoY Prel Actual: 0.2% Expected: 0.3% Previous: 0.3% https://www.dailyfx.com/economic-calendar#2020-05-29
  • Heads Up:🇨🇭 KOF Leading Indicators due at 07:00 GMT (15min) Expected: 70 Previous: 63.5 https://www.dailyfx.com/economic-calendar#2020-05-29
  • Heads Up:🇭🇺 GDP Growth Rate YoY Final due at 07:00 GMT (15min) Expected: 2.2% Previous: 4.5% https://www.dailyfx.com/economic-calendar#2020-05-29
  • Heads Up:🇭🇺 GDP Growth Rate QoQ Final due at 07:00 GMT (15min) Expected: -0.4% Previous: 0.7% https://www.dailyfx.com/economic-calendar#2020-05-29
  • Heads Up:🇫🇷 Inflation Rate YoY Prel due at 06:45 GMT (15min) Expected: 0.3% Previous: 0.3% https://www.dailyfx.com/economic-calendar#2020-05-29
  • 🇩🇪 Retail Sales YoY Actual: -6.5% Expected: -14.3% Previous: -2.8% https://www.dailyfx.com/economic-calendar#2020-05-29
  • The S&P 500 is approaching secondary breakout targets up here and the rally may be vulnerable heading into uptrend resistance. Get your S&P500 technical analysis from @MBForex here: https://t.co/21a20q3vt7 https://t.co/GgmPAcuTVe
  • Heads Up:🇬🇧 Nationwide Housing Prices YoY due at 06:00 GMT (15min) Expected: 2.8% Previous: 3.7% https://www.dailyfx.com/economic-calendar#2020-05-29
  • Heads Up:🇩🇪 Retail Sales YoY due at 06:00 GMT (15min) Expected: -14.3% Previous: -2.8% https://www.dailyfx.com/economic-calendar#2020-05-29
  • 🇯🇵 Housing Starts YoY Actual: -12.9% Expected: -12.1% Previous: -7.6% https://www.dailyfx.com/economic-calendar#2020-05-29
EUR/JPY Technical Analysis: Rally Stumbles on Test of 149.00

EUR/JPY Technical Analysis: Rally Stumbles on Test of 149.00

2014-11-20 23:23:00
Ilya Spivak, Head Strategist, APAC
Share:

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

Talking Points:

  • EUR/JPY Technical Strategy: Flat
  • Support: 147.12, 145.93, 144.46
  • Resistance: 148.31, 149.78, 152.16

The Euro may be carving out a top against the Japanese Yen after prices put in a Shooting Star candlestick having touched a six-year high. Near-term resistance is at 148.31, the 61.8% Fibonacci expansion, with a break above that on a daily closing basis exposing the 76.4% level at 149.78. Alternatively, a turn below the 50% Fib at 147.12 clears the way for a test of the 38.2% expansion at 145.93.

A Shooting Star candle is indicative of indecision and does not make for an actionable short trade signal by itself without added confirmation. With that in mind, we will continue to stand aside for now until a more compelling trade setup presents itself.

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

EUR/JPY Technical Analysis: Rally Stumbles on Test of 149.00

Daily Chart - Created Using FXCM Marketscope 2.0

--- Written by Ilya Spivak, Currency Strategist for DailyFX.com

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

DISCLOSURES

News & Analysis at your fingertips.