EUR / JPY remains on the defensive below 132.00. Provisional support comes at the 100-day SMA at 130.76. The EUR/JPY The downtrend extends to levels below 132.00 on Tuesday’s turnaround. Following the rejection of the 132.70 zone, the crossing caused a movement lower and remains on the verge of spreading further south. Initial and intermediate […]
Tag: EURJPY
They see more rises, breaking above 132.70
EUR / JPY is holding sideways in the 132.00 region. More raises are likely to break 132.70 in the short term. The EUR/JPY it extends the consolidation around the 132.00 level on Monday. The recovery seems stagnant. The crossover needs to clear last week’s peaks near 132.70 to allow for more progress. This resistance area […]
Weekly rise is limited by the 20-day simple moving average
EUR / JPY weekly price action is at resistance near 132.70. More rises are expected to lead to a test at 133.00 before this year’s highs. The EUR/JPY It went into a consolidation phase, and the rises are still contained by the 20-day SMA around 132.70 / 80. The recovery appears stagnant, however, and the […]
EUR / JPY remains offered, clinging to gains around 132.40
The EUR / JPY fades the initial move to highs in the 132.55 / 60 zone. The main German IFO survey beat expectations in June. Final US Q1 GDP was 6.4%, claims increased by 411,000. The EUR/JPY it trimmed early gains to the 132.70 area, or daily highs, and returned to 132.30 in the second […]
More rises are seen to break above 132.50
EUR / JPY’s weekly recovery loses momentum at the 132.50 / 60 band. The next bullish target comes in at 133.00 ahead of this year’s highs. The EUR/JPY it advanced above 132.00 on Thursday, advancing for the fourth consecutive session. The recovery looks healthy and is now flirting with the six-month resistance line near 132.60. […]
EUR / JPY extends weekly gains to 132.70 zone
EUR / JPY moves higher as risk mood improves. June PMIs for Germany and EMU provide further support for risk trends. The ECB’s Lagarde will speak later in the session. Improved sentiment in the risk space underpins the sell bias in the Japanese yen and pushes the EUR/JPY well past 132.00 on Wednesday. EUR / […]
The recovery now points to 133.00
EUR / JPY extends the bounce well above 132.00. The next hurdle on the bullish side comes at 133.00, and then the current year’s highs. The EUR/JPY it prolongs the weekly rebound and resumes on Wednesday the 132.00 and much more. The recovery looks healthy and could now retest the 133.00 level on the short-term […]
EUR / JPY continues to bounce, hitting six-day highs above 132.50
EUR / JPY continues with a bullish clarification. From Monday’s floor, it accumulates a rise of more than 250 pips. The combination of the EUR / USD rebound with the USD / JPY rise continues to fuel the EUR / JPY rally. The crossing climbed to 132.64 on Wednesday, the highest level since last Thursday. […]
EUR / JPY looks firm and flirts with highs near 131.80
EUR / JPY returns to the upper end of the range near 131.70. Selling around the JPY continues to fuel the pair’s rally amid higher US yields. President Powell will testify later during the American session. The selling pressure around the Japanese currency increases again and pushes the EUR / JPY cross to the zone […]
A move below 130.00 is not ruled out
EUR / JPY bounce ends near 131.60. So far, the next support comes at the 130.00 area. The EUR/JPY it failed to carry the bullish momentum above the 131.60 zone at the reversal on Tuesday. The inability of the cross to resume the recovery in the very short term could lead sellers to return to […]
