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
  • 🇭🇺 GDP Growth Rate YoY Final Actual: 2.2% Expected: 2.2% Previous: 4.5% https://www.dailyfx.com/economic-calendar#2020-05-29
  • 🇭🇺 GDP Growth Rate QoQ Final Actual: -0.4% Expected: -0.4% Previous: 0.7% https://www.dailyfx.com/economic-calendar#2020-05-29
  • Indices Update: As of 07:00, these are your best and worst performers based on the London trading schedule: US 500: -0.05% Wall Street: -0.10% France 40: -1.02% FTSE 100: -1.02% Germany 30: -1.29% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/2TWth8TZkP
  • 🇫🇷 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
EUR/JPY Technical Analysis: Flat-Lining Near 147.00 Figure

EUR/JPY Technical Analysis: Flat-Lining Near 147.00 Figure

2014-11-26 23:52:00
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: 145.59, 143.40, 141.63
  • Resistance: 147.76, 149.11, 151.30

The Euro has stalled having fallen as expected against the Japanese Yen after putting in a Shooting Star candlestick. Near-term resistance is at 147.76, the 14.6% Fibonacci expansion, with a break above that on a daily closing basis exposing the 23.6% level at 149.11. Alternatively, a turn below the 23.6% Fib retracement at 145.59 clears the way for a test of the 38.2% threshold at 143.40.

Risk/reward considerations argue against entering long with prices in close proximity to resistance. On the other hand, the absence of a defined bearish reversal signal suggests taking up the short side is premature. We will remain flat for now, waiting for a more actionable opportunity to present itself.

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

EUR/JPY Technical Analysis: Flat-Lining Near 147.00 Figure

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.