Wednesday, November 11, 2026

Technicals

Add as a preferred source on Google

FxWirePro: Strong resistance for EUR/JPY at 134.83, good to sell rallies

EUR/JPY rejected at 135.70 on Monday, strong resistance seen today at 134.83 (converging 200 DMA and daily Kijun) The pair is currently trading at 134.49, with day's highs at 134.88 and lows at 134.40 Weak German factory…

By Jay L. Zagorsky
1 min read
EconoTimes — Reading the Times. Understanding the Future.

  • EUR/JPY rejected at 135.70 on Monday, strong resistance seen today at 134.83 (converging 200 DMA and daily Kijun)

  • The pair is currently trading at 134.49, with day's highs at 134.88 and lows at 134.40 

  • Weak German factory orders data weighs on the single currency, pushing EUR/JPY lower to its 5-DMA located at 134.43

  • German factory orders dropped 1.8% in August, missing the estimate of a 0.5% gain

  • Oct 2 lows at 133.97 is minor support on the downside, breaks below could see the pair drop till 133.55 (trend line support)

  • On the upside strong resistance is seen at 134.83 (converging 200 DMA and daily Kijun)and then at 135.00 (psychological level)

Recommendation: Good to sell rallies around 134.55, SL: 134.90, TP: 134.00

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