Thursday, October 15, 2026

Technicals

Add as a preferred source on Google

FxWirePro: EUR/JPY holds strong channel base support at 125, weakness only on breaks below

EUR/JPY has taken strong support at 125 which is base of the 8 month downward channel. The pair has edged higher from day's lows at 125.03 to currently trade at 125.25, some consolidation likely at current levels. Techni…

By Jay L. Zagorsky
1 min read
FxWirePro: EUR/JPY holds strong channel base support at 125, weakness only on breaks below
Image from the original EconoTimes article

Read the original article

  • EUR/JPY has taken strong support at 125 which is base of the 8 month downward channel.
     
  • The pair has edged higher from day's lows at 125.03 to currently trade at 125.25, some consolidation likely at current levels.
     
  • Technicals are biased lower, momentum is with the bears, breaks below 125 could see test of 124 levels and then 122.90.
     
  • Immediate resistance on the upside is seen at 125.95 (Feb 19th high) and further ahead at 126.03 (5-DMA).
     

Recommendation: Go short on breaks below 125, SL: 126, TP: 124/123/122.90

 

Related articles

View all
Technicals

Major Pair Currency Score: AUDUSD Bearish

EURUSD - Levels to watch - 1.100 GBPUSD Levels to watch - 1.3180 USDCHF Levels to watch - 0.8400 USDCAD - Levels to watch - 1.4300 AUDUSD - Levels to watch - 0.7000 NZDUSD - Levels to watch - 0.5560

By FxWirePro Team