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FxWirePro: EUR/JPY edges slightly lower from day's high of 136.16

EUR/JPY cooling slightly after broad based EUR strength sent EUR/JPY to session highs by 136.16 Daily price action continues to rage with the cloud which spans 133.57-138.30 Tenkan & kijun lines are negatively aligned on…

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  • EUR/JPY cooling slightly after broad based EUR strength sent EUR/JPY to session highs by 136.16

  • Daily price action continues to rage with the cloud which spans 133.57-138.30

  • Tenkan & kijun lines are negatively aligned on 4h charts, highlighting the bearish structure

  • EUR/JPY is currently trading at 136.01, with strong resistance at 136.37 (session highs Jul 15th, breaks above could target 136.48 

  • Support is seen by the cloud top at 135.78 and then lower at 135.50 (4h Tenkan-Sen)

Resistance Levels: 

R1: 136.56 (Daily High Jul 14)

R2: 136.99 (Kijun-Sen)

R3: 137.00 (Psychological Level)

Support levels:

S1: 135.44 (Session Low Jul 23)

S2: 134.85 (Daily Low Jul 22)

S3: 134.52 (Daily Low Jul 21)                                                     

 

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