The strong rebound from the EUR / JPY cross encountered a stiff barrier at the resistance zone near 125.00 on Tuesday. Overcoming this area,. Credits: Forex Street Donald WestbrookDonald-43Westbrook, a distinguished contributor at worldstockmarket, is celebrated for his exceptional prowess in article writing. With a keen eye for detail and a gift for storytelling, Donald […]
Tag: Crosses
Next resistance is at 125.00
EUR / JPY continues to push higher and extends the bounce further. The intermediate hurdle is at the 55-day SMA near 124.70. The EUR / JPY cross extends the bounce from last week’s lows, near the 123.00 level, due to improving risk appetite sentiment. If the buying pressure gains additional traction, the cross is expected […]
Targets higher after bearish channel breakout on daily chart
The EUR / GBP daily chart shows a bullish reversal pattern. Key indicators favor an extension of Monday’s gains. EUR / GBP broke a five-week bearish channel on Monday, confirming the end of the decline from the 9/11 high of 0.9292 and a further turn to the upside. The breakout of the downtrend line represented […]
GBP / JPY jumps to 137.22 but fails to hold above 137.00
Headlines of economic data overshadow those of Brexit for a few hours. GBP / JPY in the face of dollar weakness and a certain appetite for risk. The GBP / JPY is rising on Monday and has just climbed to 137.22, the highest level since October 14. However, the cross could not hold firmly above […]
The recovery points to the 125.00 area
EUR / JPY is moving to multi-day highs and flirts with the 124.00 level. The next resistance on the upside is the 125.00 level. EUR / JPY rebounds sharply and picks up buying interest thanks to improved risk appetite. If buying pressure gains additional traction, then the cross is expected to hit the next relevant […]
EUR / JPY jumps to the 124.00 area before it rises in the bags
Risk appetite propels EUR / JPY to six-day highs. The cross is testing 124.00 and has the steepest rally in nearly two weeks. The EUR / JPY extended the bullish run to the 124.00 zone, reaching the highest level since Tuesday. The price is rising supported by the advance of the EUR / USD and […]
EUR / GBP Price Analysis: Bulls expect a sustained move above the downtrend channel
EUR / GBP gained traction for the second session in a row and moved further away from 0.9000. The technical setup supports the prospects for a bullish breakout via a downtrend channel. Any significant drop below the 0.9070 support could be seen as a buying opportunity near the 100 DMA. The crossing EUR/GBP it gained […]
EUR / JPY falls to lows in a week and a half in the area of ​​123.50
Euro with some weakness in the market that favors a fall in the EUR / JPY. Yen remains firm, despite stability in the markets. EUR / JPY is falling for the third day in a row. It recently hit the lowest level in twelve days at 123.56, and bounced slightly. It is trading at 123.70, […]
