The dramatic restoration of Euro/Yen destroyed bear signals given by stochastik and momentum. The currency pair is testing the area near resistance, the channel peak of mid-May at Y165.64. The breakthrough will make it possible to test maximums in the range at Y166.65/167.68.
RES 4: Y167.56/68 maximums of 10 October and 7 November
RES 3: Y166.90 2% envelope
RES 2: Y166.65 maximum of 27 December
RES 1: Y165.64 resistance on 14 May
current price: Y165.41
SUP 1: Y163.50 5-day moving average
SUP 2: Y162.75 21-day moving average
SUP 3: Y162.08 support from 12 May
SUP 4: Y161.60/95 upper side (Senkou Span-A) Ichimoku clouds, 1% envelope
