EUR/JPY extends the ongoing bounce and approaches 132.00. Next upside target appears at the 2022 high above 133.00. EUR/JPY extends the gains after the recent break of the 200-day simple moving average and opens the door for further short-term gains. The continuation of the bounce is now expected to lead to a revisit to the […]
Tag: EURJPY
EUR/JPY bounces off the 131.50 area
EUR/JPY saw a decent bounce on Tuesday as geopolitical risk premiums eased, propelling the pair to 131.50. In the scenario of continued de-escalation, a move back above 132.00 towards last week’s highs is on the cards. The EUR/JPY rebounded decently on Tuesday as geopolitical risk premiums that have weighed on the euro in recent days […]
Short-term prospects look mixed
EUR/JPY recovers bullish momentum and advances above the 200-day average. The next target on the upside is at this year’s high beyond 133.00. EUR/JPY regains traction to the upside on Tuesday after closing in the negative for two consecutive sessions. The short-term price action on the cross looks inconclusive at the moment. That said, upside […]
Temporary support stands at 129.65
EUR/JPY accelerates losses below the 200-day moving average (130.45). The 55-day moving average emerges as the next support at 129.65. EUR/JPY extends the decline towards the key 200-day simple moving average (SMA) in the 130.50 zone earlier in the week. The significant corrective pullback appears to have more legs in the short term. Against this, […]
EUR/JPY jumps to 132.60, the highest since late October
Combination of EUR/USD stability and yen weakness boost EUR/JPY. Break of 132.15 gave more force to the movement. Ahead: US inflation data and jobless claims. EUR/JPY broke the 132.15 area after several days of trading sideways and jumped to 132.60, hitting a three-month high. It then pulled back moderately and trades at 132.45/50, validating most […]
The next level on the upside appears at 132.50
EUR/JPY extends Tuesday’s gains and approaches this year’s peak. Further up the 132.50 zone emerges in the short term. EUR/JPY extends bullish momentum above 132.00 midweek, advancing for the second consecutive session on Wednesday. In light of the recent price action, further gains in the cross are likely on the short-term horizon. That being said, […]
Room for more short-term hikes
EUR/JPY picks up again after Monday’s pullback. Immediately on the upside comes the 2022 high at 132.16. EUR/JPY came under some downward pressure after reaching new highs for this year above 132.00. In light of recent price action, further rallies in the cross are likely on the short-term horizon. That being said, the breakout of […]
EUR/JPY remains supported above the 131.50 area
EUR/JPY pulled back from previous highs above 132.00 with ECB’s Lagarde sounding more cautious. However, the pair remained decently supported above the key 131.50 level, an area that may continue to offer support this week. The EUR/JPY stabilizing above a key support level at 131.50 on Monday, after hitting fresh three-month highs above 132.00 earlier […]
EUR/JPY recovers from 1-month lows at 127.20, but negative trend persists
EUR/JPY recovered from the 128.20 lows to the 128.75 area, but is nonetheless trading lower as the recent negative bias continues. Many technicians, perhaps anticipating the continued demand for the yen as a safe haven, will point to a test of the December lows of 127.50. Although the pair recovered from its previous session lows […]
EUR / JPY looks firm, extends rally beyond 131.00
EUR / JPY adds to Tuesday’s gains and surpasses the 131.00 level. The soft stance of the dollar supports the upside at the cross. The US headline CPI did not surprise the markets in December. The selling bias in the dollar supports the improved mood in the risk space and pushes the EUR/JPY to new […]
