EUR/JPY adds to Friday’s small gains below 140.00. The next hurdle to watch is at the 142.30 area. The EUR/JPY alternate gains with losses around 139.00 after bottoming out at early lows near 138.70 on Monday. Further gains in the cross are now favored once it breaks past the recent high of 140.74 (Sept 2). […]
Tag: Crosses
USD/TRY resumes the upward path and approaches all-time highs
USD/TRY fades from Friday’s pullback and climbs above 18.22. Turkey’s inflation rate stood at 80.21% y/y in August. Producer prices from Turkey increased by 143.75% yoy over the past month. The Turkish lira resumes its usual depreciation against the dollar and makes the USD/TRY break above the 18.22 level again on Monday. USD/TRY continues to […]
USD/TRY remains offered and close to the all-time high around 18.25
USD/TRY is under pressure after flirting with 18.25. The downward trend of the Turkish currency continues. Monday’s CPI will be published below. The Turkish lira has hit record lows against the dollar after the USD/TRY briefly exceed 18.25 in Friday’s session. USD/TRY could continue to rise and retest 20.00…soon USD/TRY maintains buying interest for the […]
EUR/JPY Price Analysis: The next level on the upside is 142.30
EUR/JPY fades Thursday’s pullback and recovers 140.00 and above. If it continues to rise, it could revisit the 142.30 area. EUR/JPY resumes weekly recovery and manages to break above the key 140.00 barrier on Friday. More rallies on the cross could come from breaking above the 140.00 region. Beyond this zone, another test of the […]
EUR/JPY Price Analysis: Bets on the upside for a revisit to 142.30
EUR/JPY is under pressure shortly after hitting the 140.00 area. More raises could put 142.32 back on the radar. EUR/JPY pulls back from recent highs reached in the 140.00 area on Thursday. Gains from the cross could accelerate once it breaks above the 140.00 zone. Beyond this zone, another test of the weekly high at […]
EUR/JPY Price Analysis: Euro and Yen are trading around five-week highs, targeting 140.00
EUR/JPY posted a new weekly high each day of the week. The shared currency strengthened once it broke above the 39.00 level following the EU inflation data. The negative divergence of the EUR/JPY and the RSI on the 4 hours chart suggests that the pair could pull back before testing 140.00. The EUR/JPY extends its […]
EUR/GBP rallies for the fourth day in a row and hits monthly highs near 0.8650
The pound continues to be pressured by the negative economic outlook in the UK. The euro continues to rise amid expectations of a 75 rate hike by the ECB. EUR/GBP gains momentum after breaking key technical levels. The EUR/GBP it broke above 0.8605 and jumped to 0.8640, reaching the highest level since July 1. The […]
USD/TRY rises and approaches 18.20
USD/TRY extends gradual march north to 18.20 area. The better tone of the dollar lifts the pair to new all-time highs. Turkey’s GDP grew by 7.6% year-on-year during the second quarter. The improvement of the US dollar keeps the USD/TRY near 2022 highs at levels near 18.20 on Wednesday. USD/TRY continues to target the all-time […]
EUR/JPY Price Analysis: More upside seen on close above 140.00
EUR/JPY starts a corrective decline just above 139.00. A further advance seems likely once 140.00 is broken. EUR/JPY is under bearish pressure after three consecutive sessions of gains on Wednesday. The continuation of the uptrend has the focus now on the key 140.00 level. Beyond this zone, the cross could attempt another test of the […]
EUR/GBP breaks above 0.8600 for the first time since early July
The euro is among the best performers on Tuesday on ECB rate hike expectations. The pound is under pressure amid risk aversion. EUR/GBP gains more than 170 pips in the last three sessions. The EUR/GBP accelerated the move higher and jumped to 0.8601, reaching the highest level since July 6. While the euro is among […]
