GBP/JPY is posting solid gains of almost 1.80% for the week. An upbeat market mood increased appetite for riskier assets. GBP/JPY Price Forecast: Test Apr 28 swing high above 164.00. GBP is rising to fresh multi-week highs on Thursday, up 1.78% and targeting 164.00 amid improving market sentiment. US stocks are recovering from earlier losses, […]
Tag: Crosses
EUR/JPY Price Analysis: With additional gains on the table
EUR/JPY wobbles once again ahead of 139.00. Further advance should target 2022 high at 140.00. The EUR/JPY continues its strong performance for another session, although the break of 139.00 remains elusive so far. The cross now needs to break above the resistance zone near 139.00 for the bulls to challenge the 2022 high at 140.00 […]
EUR/JPY Price Analysis: The pair rises towards 137.55
EUR/JPY bulls regain control and prepare to target 138.00. Sentiment has improved as China is about to ease some Covid-19 restrictions in Beijing and Shanghai. EUR/JPY Price Analysis: Rising Wedge breakout to the upside and RSI in bullish territory puts bullish pressure on the currency pair. The EUR/JPY breaks above the top of the rising […]
EUR/JPY Price Analysis: More rally on the table above 134.50
EUR/JPY is once again teetering around the 136.70 region. Further gains above the 134.50 area seem likely. EUR/JPY corrects lower after once again failing to extend the recovery above the 136.70 area on Friday. The succession of higher lows since mid-May leaves the prospect of further hikes on the table for now. That said, as […]
EUR/JPY Price Analysis: More rally seen above 136.80
EUR/JPY alternates gains with losses below 136.00. Further consolidation is likely in the near term. EUR/JPY is trading volatile after rising as high as the 136.50 region earlier this Thursday. More sideways trade appears on the table for the cross on the short-term horizon, while further rallies could accelerate following a break above recent highs […]
EUR/JPY Price Analysis: Minor support around 134.00
EUR/JPY extends Tuesday’s losses below 136.00. Further decline could see the 134.00 region retested. The EUR/JPY cross is moving defensively for the second session in a row, this time breaking the 136.00 barrier. Further downside should find interim support at the 5-day SMA at 135.13, before falling to the 134.00 region (19th May low), where […]
NZD/USD soars to 3-week highs at 0.6500 after RBNZ announcement
The NZD/USD is up 75 pips immediately after it became known that the Reserve Bank of New Zealand increased its interest rates by 50 basis points to 2%. With the rise, the pair has reached a twenty-day high at 0.6500. The kiwi has shot up with the news driven by the RBNZ statement, which assured […]
EUR/JPY Price Analysis: Short-term target remains at 138.30
EUR/JPY hits a tough barrier near 136.80. More rises are expected to test the May highs. EUR/JPY partially reverses Monday’s strong advance and is under pressure after another failed attempt to break above the 136.80 region. If the cross manages to push past weekly highs in the 136.70/80 zone, then it could try to challenge […]
EUR/GBP soars to 0.8585 on sharp fall in pound
UK data triggers sharp decline in pound. The euro remains firm on expectations of a rate hike and after economic data. EUR/GBP with bullish bias, points towards 0.8600. The EUR/GBP broke above 0.8500 and jumped up to 0.8585, reaching the highest level in a week and a half. It then pulled back and is trading […]
EUR/JPY Price Analysis: More Gains Possible
EUR/JPY accelerates and recovers the 136.00 level. A bullish extension should initially target the weekly high at 136.70. EUR/JPY quickly outruns Friday’s pullback and manages to break through the key barrier at 136.00 on Monday. The continuation of the current bounce should initially target the weekly high at 136.69 (May 17). Further gains are expected […]
