EUR/JPY extends downside correction below 142.00. Above 138.60, the cross is likely to continue moving higher. The EUR/JPY falls for the third session in a row on Thursday, this time breaking below key support at 142.00. Despite the ongoing correction, the bullish bias on the cross remains as long as the support line around 138.60 […]
Tag: Crosses
USD/TRY finds support at the 16.50 area
USD/TRY is trading with modest losses near 16.60. Türkiye’s economic confidence index fell to 93.60 in June. Investors continue to monitor the recent government move. The new gains of the Turkish currency motivate the USD/TRY around the 16.60 area, with a modest decline on the day. USD/TRY looks supported near 16.00 USD/TRY trims part of […]
EUR/JPY Price Analysis: Next target on the upside is 145.00
EUR/JPY hits a fresh 2022 high near 144.30 on Tuesday. Higher up is the 2015 high near 145.30. The EUR/JPY gains for the third consecutive session and records new cycle highs near 144.30 on Tuesday. The bullish bias on the cross remains good and solid and the continuation of the rally is now targeting the […]
EUR/GBP returns back above 0.8600, upside risks remain
The euro gains momentum before rising European bond yields. The pound loses strength and becomes one of the weakest in recent hours. EUR/GBP back above 0.8600, after finding support at the 20-day moving average. EUR/GBP is trading at highs since Thursday at 0.8625, rising for the second day in a row. Once again it is […]
EUR/JPY Price Analysis: Offer bias intact above 138.00
EUR/JPY adds to Wednesday’s small losses and breaks above 142.00. It is likely to continue rising as long as it is above the 138.00 area. The EUR/JPY flirts with fresh 3-day lows in the 142.00 area on Thursday. Despite the corrective move, the cross maintains bullish momentum and a continuation of this move should retest […]
EUR/JPY Price Analysis: Further Gains Expected
EUR/JPY accelerates gains and breaks above the 143.00 mark. Immediately to the upside is now the high for the year beyond 144.00. EUR/JPY rises for the third session in a row and breaks above the 143.00 mark on Tuesday. The cross maintains the rebound from last week’s lows in the area below 138.00. A continuation […]
EUR/JPY Price Analysis: Further recovery targets 2022 highs
EUR/JPY extends Friday’s gains above 142.00. Further ascent should retarget 2022 highs beyond 144.00. EUR/JPY extends Friday’s bounce above the 142.00 level at the start of the week. The EUR/JPY cross bounced from last week’s lows in the area below 138.00 and a continuation of this move should put a possible challenge of the 2022 […]
EUR/CHF falls to two-month lows below 1.0200 after SNB’s aggressive turn
EUR/CHF is under intense selling pressure in reaction to the SNB’s surprise rate hike of 50 basis points. The strength of the dollar weighs on the common currency and put some pressure on the cross. Acceptance below the 1.0200 round level would be seen as a new trigger for the bears. The crossing EUR/CHF has […]
EUR/GBP crosses the 0.8700 barrier and rises to the highest level since February 2021
EUR/GBP gains some traction for the fourth day in a row and climbs to new highs in over a year. The prospects of a less aggressive Bank of England and the Scottish referendum continued to weigh on the pound sterling. Market participants expect the ECB’s ad hoc meeting to provide some significant momentum. The crossing […]
EUR/GBP breaks above 0.8650 and reaches its highest level in a year
Technical factors and a weaker pound propell EUR/GBP to its highest level since May 2021. The cross breaks out of the multi-day range and breaks out. UK data disappoints expectations, special attention to the BoE on Thursday. The EUR/GBP It breaks out of a multi-day range and jumps to 0.8681, reaching the highest level since […]
