EUR/JPY extends current recovery towards 138.00. The next target on the upside comes at the 139.00 hurdle ahead of 140.00. EUR/JPY extends bullish momentum and trades at multi-day highs beyond 138.00 at the start of the week. Further gains now look on the table with the next target at the 139.00 round level ahead of […]
Tag: Crosses
EUR/GBP rises to its highest level since December, approaches 0.8600
The pound remains under pressure, still hit by the BoE meeting. The euro among the best on Friday. EUR/GBP posting a weekly gain of almost 200 pips, the best in months. The EUR/GBP rose further on Friday and rose to 0.8590, reaching the highest intraday level since December. It then fell back to 0.8565. In […]
Jump to new 2022 highs, downtrend line break in play
EUR/GBP achieves strong continuation traction on Friday and hits a new yearly high. The acceptance above the 200 SMA and the breakout of the descending trend line favors the bulls. The cross looks ready to reclaim the 0.8600 level and continue to climb higher. The EUR/GBP cross has built on the previous day’s strong Bank […]
EUR/GBP makes new 2022 highs at 0.8545
The EUR/GBP has staged a 120 pip rally after the Bank of England statement announcing a rate hike of 25 basis points to 1%, its highest level since 2008. The pair has reached a four and a half month top at 0.8545and continues to maintain bullish momentum near 0.8530. The UK central bank raised interest […]
GBP/JPY falls to eight-day lows near 160.45 after BoE
The GBP/JPY has reacted to the Bank of England announcement with an initial rise to 163.20, daily high. Immediately after, the pair has lost about 270 pips before falling to a eight-day low at 160.47. As expected, the UK central bank raised interest rates for the fourth time since December and the policy statement suggested […]
EUR/JPY Price Analysis: Stuck around 136.50-138.00
Market sentiment is positive, although it is worth noting that China’s battle against Covid-19 could outweigh risk appetite and change sentiment negatively. EUR/JPY Price Forecast: Head-Shoulders Pattern Dim Prospects for EUR Higher. The EUR/JPY it remains stuck in the 136.50-138.00 range for the third consecutive trading session, although it breaks two successive losing days and […]
USD/TRY pulls back from multi-week highs around 14.90
USD/TRY’s bullish bias wavered around 14.90 on Tuesday. Markets in Turkey are closed due to the Eid al Fitr holiday. Turkey’s inflation figures will take center stage on Friday. The Turkish lira finds some buying interest after the renewed position offered in the dollar and motivates the USD/TRY to make a U-turn after hitting multi-week […]
Possibilities of more tours in ranks
EUR/JPY loses steam on Monday after rising to 137.60. The cross could face some consolidation in the short term. EUR/JPY is unable to sustain the initial rally to the 137.60 region at the start of the week. The cross could move into a consolidation phase in the very short term before the possible continuation of […]
With room for some short-term consolidation
EUR/JPY daily advance loses stability around 138.00 on Friday. In the short term there could be some trading inside the range. The EUR/JPY trades defensively around 137.00 after two consecutive daily gains on Friday. The cross could move into a consolidation phase in the short term before the possible continuation of the uptrend. Against that, […]
EUR/JPY rises and approaches 138.00 after dovish BoJ and German inflation figures
EUR/JPY is about to close April with gains of 2.25% for the month. An upbeat market mood weighed on the JPY, along with a “dovish” Bank of Japan (BoJ). The shared currency is recovering against the Japanese yen after the Bank of Japan (BoJ) committed to its dovish stance, despite expressions from the Japanese Finance […]
