EUR/JPY extends the rally on Thursday and retests 135.80. More rallies should target weekly high at 136.70. EUR/JPY adds even more traction to the upside and revisits the 135.80 region at the end of the week. The continuation of the current bounce should initially target the weekly high at 136.69 (May 17). More gains are […]
Tag: Crosses
EUR/JPY Price Analysis: Corrective decline could lead to a test of 132.60
EUR/JPY recovers some lost ground after Wednesday’s decline. Further decline should find support near 132.60. EUR/JPY is modestly higher after Wednesday’s sharp decline to the 134.00 area. Price action around the cross remains inconclusive and further declines should not be ruled out- May low at 132.65 (May 12) expected to hold occasional bearish attempts on […]
EUR/JPY Price Analysis: Next upside target is at 138.30
EUR/JPY is under some pressure and reverses the recent rise. No news at the top, where the 138.30 region emerges as the next target. EUR/JPY gives back some of the recent strong advance and revisits levels below 136.00 on Wednesday. If the recovery accelerates, the cross could see bearish pressure to close above the May […]
EUR/JPY Price Analysis: Room for more gains in the short term
EUR/JPY advances higher and recovers 136.00 and beyond. Additional gains could go as far as the 138.30 area in the short term. EUR/JPY posts gains for the third day in a row and manages to recover the area above 136.00 on Tuesday. If the recovery accelerates, the cross could see the bearish tone mitigated, after […]
EUR/JPY Price Analysis: Further rallies continue to target 138.30
EUR/JPY extends Friday’s advance and retakes the 135.00 level. For more gains, the euro needs to clear the 138.30 region in the short term. EUR/JPY extends the rally further and manages to visit the area just above 135.00 on Monday. If the recovery accelerates, the cross could see a blunted decline after closing above the […]
USD/TRY continues to rally and reaches new highs near 15.50
USD/TRY rises to fresh 2022 highs around 15.50. Turkey’s industrial production expanded by 9.6% year-on-year in March. Turkey’s retail sales increased by 0.3% mom also in March. the turkish lira continues down and up USD/TRY to new 2022 highs in the 15.50 area on Friday. USD/TRY rises on USD strength, geopolitics USD/TRY extends monthly rebound […]
EUR/JPY Price Analysis: Downside pressure eased above 138.30
EUR/JPY smiles again after Thursday’s sharp drop. Further gains above the May high near 138.30 are likely. After Thursday’s deep drop, EUR/JPY appears to have found some decent support near 132.60 for now. If the recovery accelerates, the cross could see bearish pressures mitigated after a close above the May high of 138.31 (May 9). […]
EUR/JPY Price Analysis: Next downside target comes at 133.87
EUR/JPY corrects sharply lower and challenges 134.00. A further drop could lead to a test at the 55-day mean. EUR/JPY extends the weekly move lower and revisits the 134.00 region thanks to the resurgence of risk aversion in the financial markets. The continuation of the downtrend should find temporary support at the 55-day and 100-day […]
EUR/JPY Price Analysis: Consolidation Remains
EUR/JPY extends current bearish move around 137.00. Bullish attempts initially target the 138.30 region. EUR/JPY extends weekly decline, falls for the third session in a row and breaks below 137.00 on Wednesday. The cross, meanwhile, remains within the consolidation theme since the beginning of the month. A break of this pattern should leave the weekly […]
EUR/JPY Price Analysis: More consolidation on the table
EUR/JPY remains on the defensive so far this week. Bullish attempts target 2022 highs around 140.00. EUR/JPY extends Monday’s decline and retests the 137.00 region on Tuesday. The cross appears to be back to previous consolidation for the time being. The breakout of this phase is expected to shift attention to a possible visit to […]
