FxWirePro
Short

Daily cloud limits EUR/JPY bulls, pair could test 132.13

FX:EURJPY   Euro / Japanese Yen
176 0 3
EUR/JPY             gains post ECB last week was halted by the daily cloud, the pair has hit lows of 133.44 on the day, after rejection at cloud base by 134.12

There is good scope for a drop back to converged tenkan & kijun lines at 132.13, further weakness cloud expose 131.50 levels

Correction lower on charts, RSI points south, daily Stochs have shown bearish crossover from overbought levels

Immediate resistance is seen at 134.12 (cloud base), while support is located at 133.32 (Dec 4 lows) and then at 132.13 (Tenkan & Kijun-Sen)

We recommend selling rallies in the pair around 134 levels, placing stops at 134.60 and targeting 132.20 levels

Resistance Levels:

R1: 134.00 (Hourly High Dec 7)

R2: 134.13 (Daily Cloud Base)

R3: 134.58 (Daily High Dec 4)

Support Levels:

S1: 133.32 (Dec 4 lows)

S2: 132.13 (Tenkan & Kijun-Sen)

S3: 131.89 (30-Day MA)
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out