FXMarketAlerts Team
FXMarketAlerts
Published at 14:10 (GMT) 01 Aug
14::10 GMT - EUR/JPY still looks to be more hesitant near 138.00 given the key resistance area around 138.21/28. We do not see any new top yet. This mkt still holds up very well on the week so far, and we would still need to give it the benefit of the doubt for now. Allowing for one more probe to the 138.21/28 zone before expecting a roll back down to 137.34. R.Z
R5: 138.45 14 Jul high
R4: 138.28 * 50-day MA
R3: 138.21 ** 50-week MA
R2: 138.03 intraday high
R1: 138.00 figure
S1: 137.34 * break level
S2: 137.10 * 29 Jul high
S3: 137.00 figure
S4: 136.55 28 Jul low
S5: 136.23 * 04 Feb/YTD low
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