The shared currency falls 0.59% against the Japanese yen. The conflict between Ukraine and Russia weighs heavily on the euro. The falls of EUR/JPY for the third time in the week they show the currency’s shared exposure to the Ukraine-Russia conflict, and although Wednesday hit a yearly low at 127.30, bounced back and finished near […]
Tag: EURJPY
Bearish, with chances of retesting 127.50
EUR/JPY accelerates losses and approaches 128.00. There is room for further pullback in the short term. The EUR/JPY adds to Monday’s drop and approaches the 128.00 area on Tuesday. More EUR/JPY losses are on the way in light of recent price action. That said, immediately to the downside comes the 2022 low at 127.91 (Feb […]
Lowest on the cards
EUR/JPY remains under pressure around 129.00. The next level of downside consideration emerges at the 2022 low at 127.90. EUR/JPY extends the weekly decline and returns to the 128.70 region, where initial support has emerged for now. Further declines in EUR/JPY remain well underway in light of recent price action and following the risk-off scenario. […]
EUR/JPY falls to 130.00 area as traders ponder Russia/Ukraine crisis
Risk appetite worsened during US trade, forcing EUR/JPY to give back earlier session gains. Amid fears that Russia is on the verge of invading Ukraine, the pair fell back to the 130.00 zone. Risk appetite worsened during US trading hours on Wednesday, forcing the pair EUR/JPY to trim gains from earlier in the session that […]
More gains in the offing as long as it stays above the 200 day moving average
EUR/JPY recovers the area above 130.00. The cross should leave behind the 200-day simple moving average at 130.38. EUR/JPY extends the rally from weekly lows near 129.30 (Feb 22) and reclaims the 130.00 barrier this Wednesday. EUR/JPY’s fresh recovery is now facing the next major resistance at the weekly high at 131.90 (Feb 16), which […]
Faces wall of resistance at 130.75, pulls back to 130.15 near 50 and 100 DMAs
EUR/JPY falls from daily highs amid mixed market mood. EUR/JPY is facing a wall of resistance around the 130.50-75 zone that would be difficult to break. EUR/JPY Technical Outlook: Neutral bias to the downside, as the daily chart shows. Tuesday’s price action witnessed a short-lived rally in the EUR/JPY above the 200-day moving average (DMA) […]
EUR/JPY falls below 130.00 as Russia escalates tensions with Ukraine/NATO, West readies sanctions
EUR/JPY fell below 130.00 for the first time since February 3 on Monday as Russia ratcheted up tensions with Ukraine and NATO. Russia announced its decision to recognize the independence of breakaway regions in eastern Ukraine and NATO nations are preparing sanctions. Geopolitical hostilities and the rising risk of a broader Ukraine-Russia conflict suggest that […]
With room for more drops
EUR/JPY reverses recent weakness and bounces off 130.00. If it continues above the two-month line, the bullish bias will remain. EUR/JPY leaves behind the negative performance seen in the second half of last week and manages to regain some shine on Monday. The cross broke below the key 200-day SMA (130.41) and in doing so […]
Seen in consolidation mode above the 200-day average
EUR/JPY remains range bound theme on Friday. The 200-day moving average at 130.43 keeps weakness limited for now. EUR/JPY erases part of Thursday’s pullback and regains some composure, against a backdrop of caution in financial markets. So far, the price action around the cross looks consolidative, with the 200-day simple moving average (SMA) today at […]
Support is around the 200-day SMA
EUR/JPY fades recent strength and falls below 131.00. The 200-day SMA near 130.50 supports the drop for now. EUR/JPY fades the move higher near the 132.00 level on Wednesday and falls back below the 131.00 level during the European session on Thursday. Despite the pullback, the move higher in EU/JPY should remain on the table […]
