Forex - Chart EUR/JPY Update: Down to pressure 133.31/10 support


Published at 01:28 (GMT) 04 Sep

  

Chart EUR/JPY Update: Down to pressure 133.31/10 support (HJRC8601)

04 Sep EUR/JPY Daily

Break of the 134.68 low resumes the drop from the 139.00 high to pressure the 133.31/10, Jul/May lows. Some consolidation seen for now though risk is for break to see further decline to the 132.00 level then 131.81, 61.8% retracement. Resistance now at 134.68 and 135.26, recent lows. [P.L]

R5:: 136.2 200-day MA R4: 135.8 2 Sep high
R3: 135.26 27 Aug low
R2: 134.68 * 1 Sep low
R1: 133.75 intraday level

S1: 133.1 * 26 May low
S2: 132.55 intraday level
S3: 131.81 61.8% Apr/Jun recovery
S4: 131.31 * 30 Apr low
S5: 130.11/00 * 24 Apr high, figure

Recommended Content


Recommended Content

Editors’ Picks

EUR/USD edges lower toward 1.0700 post-US PCE

EUR/USD edges lower toward 1.0700 post-US PCE

EUR/USD stays under modest bearish pressure but manages to hold above 1.0700 in the American session on Friday. The US Dollar (USD) gathers strength against its rivals after the stronger-than-forecast PCE inflation data, not allowing the pair to gain traction.

EUR/USD News

GBP/USD retreats to 1.2500 on renewed USD strength

GBP/USD retreats to 1.2500 on renewed USD strength

GBP/USD lost its traction and turned negative on the day near 1.2500. Following the stronger-than-expected PCE inflation readings from the US, the USD stays resilient and makes it difficult for the pair to gather recovery momentum.

GBP/USD News

Gold struggles to hold above $2,350 following US inflation

Gold struggles to hold above $2,350 following US inflation

Gold turned south and declined toward $2,340, erasing a large portion of its daily gains, as the USD benefited from PCE inflation data. The benchmark 10-year US yield, however, stays in negative territory and helps XAU/USD limit its losses. 

Gold News

Bitcoin Weekly Forecast: BTC’s next breakout could propel it to $80,000 Premium

Bitcoin Weekly Forecast: BTC’s next breakout could propel it to $80,000

Bitcoin’s recent price consolidation could be nearing its end as technical indicators and on-chain metrics suggest a potential upward breakout. However, this move would not be straightforward and could punish impatient investors. 

Read more

Week ahead – Hawkish risk as Fed and NFP on tap, Eurozone data eyed too

Week ahead – Hawkish risk as Fed and NFP on tap, Eurozone data eyed too

Fed meets on Wednesday as US inflation stays elevated. Will Friday’s jobs report bring relief or more angst for the markets? Eurozone flash GDP and CPI numbers in focus for the Euro.

Read more

Majors

Cryptocurrencies

Signatures