EUR/JPY adds to Friday’s small gains below 140.00. The next hurdle to watch is at the 142.30 area. The EUR/JPY alternate gains with losses around 139.00 after bottoming out at early lows near 138.70 on Monday. Further gains in the cross are now favored once it breaks past the recent high of 140.74 (Sept 2). […]
Tag: EURJPY
EUR/JPY Price Analysis: The next level on the upside is 142.30
EUR/JPY fades Thursday’s pullback and recovers 140.00 and above. If it continues to rise, it could revisit the 142.30 area. EUR/JPY resumes weekly recovery and manages to break above the key 140.00 barrier on Friday. More rallies on the cross could come from breaking above the 140.00 region. Beyond this zone, another test of the […]
EUR/JPY Price Analysis: Bets on the upside for a revisit to 142.30
EUR/JPY is under pressure shortly after hitting the 140.00 area. More raises could put 142.32 back on the radar. EUR/JPY pulls back from recent highs reached in the 140.00 area on Thursday. Gains from the cross could accelerate once it breaks above the 140.00 zone. Beyond this zone, another test of the weekly high at […]
EUR/JPY Price Analysis: Euro and Yen are trading around five-week highs, targeting 140.00
EUR/JPY posted a new weekly high each day of the week. The shared currency strengthened once it broke above the 39.00 level following the EU inflation data. The negative divergence of the EUR/JPY and the RSI on the 4 hours chart suggests that the pair could pull back before testing 140.00. The EUR/JPY extends its […]
EUR/JPY Price Analysis: More upside seen on close above 140.00
EUR/JPY starts a corrective decline just above 139.00. A further advance seems likely once 140.00 is broken. EUR/JPY is under bearish pressure after three consecutive sessions of gains on Wednesday. The continuation of the uptrend has the focus now on the key 140.00 level. Beyond this zone, the cross could attempt another test of the […]
EUR/JPY Price Analysis: A visit to 140.00 seems likely
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 […]
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 […]
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 […]
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 […]