EUR / JPY extends trading in ranges near the highs. Above 133.50, the 2021 highs appear. The EUR / JPY seems to have gone into a consolidation phase around 133.00 for the time being. Further consolidation appears likely in the very short term, with the next barrier at this year’s peak at 133.43 (May 19 […]
Tag: EURJPY
EUR / JPY seems offered below 133.00
The EUR / JPY is trading within a tight range near 133.00. The US Department of Labor reported that initial claims for unemployment benefits fell by 34,000 to 444,000. The improved tone in the Japanese currency contributed to the daily fall of the EUR/JPY back to the area below 133.00 on Thursday. EUR / JPY […]
Initial support is around 131.00
EUR / JPY corrects lower from the peaks near 133.50. Further weakness should see support found at the 131.00 area. EUR / JPY retreats further after Wednesday’s new highs for this year in the 133.50 region. While the ongoing knee-jerk reaction is considered only corrective, it is expected to reach initial support in the neighborhood […]
The next zone to rise is is 134.00
The EUR / JPY marks new highs for this year near 133.50. The 134.00 barrier now emerges as the next level to notice. EUR / JPY continues to push higher and records new 2021 highs in the area around 133.50 on Wednesday. This zone coincides with the 2018 high of around 133.50. More rises should […]
EUR / JPY remains above 133.00 after marking new highs in three years
For the fifth day in a row the EUR / JPY marks its highest years. Bullish bias remains firm despite overbought indicators, with no signs of correction. The EUR / JPY continues to advance and reached 133.43 on Wednesday, reaching the highest level since April 2018. The price then fell back but held above 133.00 […]
EUR / JPY rises and reaches 2021 highs beyond 133.00
EUR / JPY extends the upside above 133.00. The dollar remains on the defensive in the face of falling yields. The advanced GDP of the first quarter of the EMU contracted 0.6% quarter-on-quarter and 1.8% year-on-year. The increasing sell bias in the dollar gives an additional advantage to the bullish momentum in the single currency […]
EUR / JPY Price Analysis: Correction in sight?
EUR / JPY reached new highs for this year above 133.00. The next target on the upside is the 2018 high near 133.50. EUR / JPY continues to push higher and records new 2021 highs in the area above 133.00 on Tuesday. A sustainable breakout of this level should put the 2018 high of around […]
EUR / JPY climbs above 133.00, to highs since September 2018
Euro marks highs in more than two years for the fourth day in a row against the yen. EUR / JPY continues to advance, on Tuesday driven by the rise of the EUR / USD. The EUR / JPY continues to climb and climbed to 133.12 on Tuesday, reaching levels last seen in September 2018. […]
EUR / JPY found solid resistance around 133.00, 2021 highs
The EUR / JPY rally lost steam just before 133.00. The dollar regains momentum thanks to the rebound in yields. The US Empire State New York index surprised to the upside in May. The tone now offered on the European currency makes the EUR/JPY pull back further from the new 2021 highs, just below 133.00. […]
With possibilities of moving to 133.00
EUR / JPY is trading in the zone of the 2021 highs well above 132.00. The next target to highlight is now in the 133.00 area. EUR / JPY reverses Thursday’s pullback and resumes its upward journey with an immediate target at this year’s highs around 132.80 (May 13). Should the latter be left behind, […]
