Published at 12:47 (GMT) 24 Jul

EURJPY

24 Jul EUR/JPY Daily
12::40 GMT - Snap higher is trading into this pm. off a low start : this looks like quick s/t covering, and the EUR will remain on the flat/ weak side below 137.50. The market here remains in position to test the YTD low & prime target. [NR]

R5: 140.00~ * st-April lows
R4: 139.42 10-Jun high
R3: 139.25 * 3-Jul high
R2: 138.10~ 8, 9-Jul lows
R1: 137.50~ * mid-Jun, 10-Jul lows
S1: 136.40 Thurs am low
S2: 136.20 ** 4-Feb/ YTD low
S3: 135.50~ Oct-13 highs
S4: 134.10 20-Nov-13 low
S5: 133.00~ * Nov-13 rally break

Copyright and other intellectual property rights in the material in this report belong to FXMarketAlerts, 4Cast Limited, 4Cast Inc and/or Forecast pte ("4Cast"). The material shall not, under any circumstances, be reproduced or distributed in whole or part without the prior written consent of 4Cast.

The material in this report is based upon information which 4Cast considers to be reliable and the analysis and opinion in the material represents the view of 4Cast at the time of transmission (unless stated otherwise). Such analysis and opinion is subject to change without notice. The material is intended for use by parties knowledgeable and experienced in the financial sector and is only one source amongst others to be considered in carrying on their business or activity.

ACCORDINGLY 4CAST MAKES NO REPRESENTATION OR WARRANTY EXPRESS OR IMPLIED STATUTORY OR OTHERWISE (INCLUDING BUT NOT LIMITED TO) THE ACCURACY OF THE MATERIAL IN THIS EMAIL AND ON THE WEBSITE OR THE FITNESS FOR PURPOSE AND ALL SUCH REPRESENTATIONS AND WARRANTIES ARE HEREBY EXPRESSLY EXCLUDED.

4Cast does not give or purport to give investment advice. Any action taken by users on the basis of material on this website is entirely at their own risk. Independent investment advice should be sought where appropriate.

This email and the website may link to or be linked to other internet sites. 4Cast does not accept responsibility for the content of such other sites.

4Cast’s terms and conditions of business apply to all fee paying subscribers and authorised trial users.

View Full Disclaimer

Recommended Content


Recommended Content

Editors’ Picks

EUR/USD holds firm above 1.0700 ahead of German inflation data

EUR/USD holds firm above 1.0700 ahead of German inflation data

EUR/USD trades on a firm footing above 1.0700 early Monday. The pair stays underpinned by a softer US Dollar, courtesy of the USD/JPY sell-off and a risk-friendly market environment. Germany's inflation data is next in focus. 

EUR/USD News

USD/JPY recovers after testing 155.00 on likely Japanese intervention

USD/JPY recovers after testing 155.00 on likely Japanese intervention

USD/JPY is recovering ground after crashing to 155.00 on what seemed like a Japanese FX intervention. The Yen tumbled in early trades amid news that Japan's PM lost 3 key seats in the by-election. Holiday-thinned trading exaggerates the USD/JPY price action. 

USD/JPY News

Gold price bulls move to the sidelines as focus shifts to the crucial FOMC policy meeting

Gold price bulls move to the sidelines as focus shifts to the crucial FOMC policy meeting

Gold price (XAU/USD) struggles to capitalize on its modest gains registered over the past two trading days and edges lower on the first day of a new week, albeit the downside remains cushioned.

Gold News

Ripple CTO shares take on ETHgate controversy, XRP holders await SEC opposition brief filing

Ripple CTO shares take on ETHgate controversy, XRP holders await SEC opposition brief filing

Ripple loses all gains from the past seven days, trading at $0.50 early on Monday. XRP holders have their eyes peeled for the Securities and Exchange Commission filing of opposition brief to Ripple’s motion to strike expert testimony.

Read more

Week ahead: FOMC and jobs data in sight

Week ahead: FOMC and jobs data in sight

May kicks off with the Federal Open Market Committee meeting and will be one to watch, scheduled to make the airwaves on Wednesday. It’s pretty much a sealed deal for a no-change decision at this week’s meeting.

Read more

Majors

Cryptocurrencies

Signatures