EUR/JPY extends the uptrend and challenges the 139.00 mark. The next move up is the key round level of 140.00. The EUR/JPY advances for the third session in a row and touches multi-week highs near 139.00 at the same time. The continuation of the uptrend has the focus now on the key 140.00 level. Beyond […]
Tag: Crosses
USD/TRY is gradually approaching all-time highs around 18.25
USD/TRY maintains the uptrend near 18.20. Türkiye’s economic confidence improved further in August. Türkiye’s trade deficit increased to close to TL 11 billion in July. The Turkish lira remains lower and helps the USD/TRY to advance to the limits of 18.20, or new highs of 2022, on Monday. USD/TRY continues to target all-time highs USD/TRY […]
EUR/GBP at one-month highs near 0.8550
Euro gains momentum after the Jackson Hole symposium. The pound continues to be pressured by the weather in the markets, among other factors. EUR/GBP bullish as long as it remains above 0.8500. EUR/GBP is rising for the second day in a row and is trading at the 0.8545/50 area, at a one-month high. The cross […]
EUR/JPY Price Analysis: Further recovery now points to the 55-day SMA
The EUR/JPY continues to give wings to the ongoing rebound and returns to 138.00. If it continues to rise, the pair could retest the 55-day SMA near 138.90. The EUR/JPY extends recent gains and recovers the area above the 138.00 area earlier in the week. The continuation of the uptrend has an initial target of […]
GBP/JPY Price Analysis: Yen holding around 161.70, in a four-day range
GBP/JPY breaks two consecutive days of gains, down 0.01%. The GBP/JPY daily chart shows the pair in a range. GBP/JPY oscillates in the area of 161.00-162.30, unable to break out of the range. The pair GBP/JPY is oscillating within a tight range for the third day in a row, although on Wednesday it failed to […]
EUR/JPY Price Analysis: More losses expected below 134.94
EUR/JPY extends bearish leg below 136.00. Initial support is at the weekly low of 134-94. EUR/JPY is losing ground for the third session in a row, this time breaking below support at the 136.00 level. More weakness appears on the scene, with immediate support at the weekly low of 134.94 (Aug 16). Loss of this […]
USD/TRY remains offered and marks new 2022 highs near 18.15
USD/TRY extends the advance above 18.00 on Tuesday. The rally in the US dollar sustains the rise in the pair. Turkey’s consumer confidence improved to 72.2 in August. The persistent bullish momentum of the USD lifts the USD/TRY to the 2022 high zone, breaking the 18.00 barrier on Tuesday. USD/TRY Rises on Dollar Buying, Heading […]
EUR/JPY Price Analysis: Consolidation for more time?
EUR/JPY adds to Monday’s pullback, at the 136.00 barrier zone. Upside attempts remain capped by the August high at 138.40. EUR/JPY continues the bearish start of the week, although it manages to bounce from the lows around 135.70. If the cross manages to break above the ongoing consolidation, the August high at 138.39 (Aug 10) […]
EUR/JPY Price Analysis: Peak Holds at 138.40
EUR/JPY appears to have entered a consolidation phase. Immediately on the upside is the August high at 138.40. EUR/JPY retraces Friday’s advance and resumes decline around the 137.00 area on Monday. If the cross manages to break above the current range boundary, the so far August high at 138.39 (Aug 10) is expected to be […]
EUR/GBP Price Analysis: Testing the 50 DMA at 0.8500 after a three-day rally
EUR/GBP will end the week with gains of 0.49%. Euro buyers neared weekly lows below 0.8400, below the 20, 50 and 200 DMAs. A daily close above 0.8500 could open the door for a retest of 0.8600. The EUR/GBP extended its rise to three consecutive days, breaking above the 100 day EMA, although it took […]