Forex - Chart EUR/JPY Update: Corrective pressure weighs, deeper pullback seen


Published at 06:15 (GMT) 04 Apr


Chart EUR/JPY Update: Corrective pressure weighs, deeper pullback seen (CGRC7001)

04 Apr EUR/JPY Daily
Pullback from the 143.48/44 highs seen unwinding the overbought near-term tools following rally from the 140.00 level. Below the 142.30 low see support at the 142.00 level and the 141.80/70 area. Would take break of the latter to weaken and trigger deeper correction. [P.L]

R5:: 144.42 * 31 Dec low R4: 144 figure
R3: 143.62/79 * 10, 7 Mar highs
R2: 143.44/48 * 3, 2 Apr highs
R1: 142.73 2 Apr low

S1: 142.3 4 Apr low
S2: 142 * figure
S3: 141.80/70 * intraday level
S4: 141.32 31 Mar low
S5: 140.44 * 21 Mar low

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