EUR / JPY fades Monday’s advance and breaks 129.00. Next, to the downside, emerges the region of 127.70. The EUR/JPY It breaks below the 129.00 support and extends the corrective downside at the 128.90 / 80 zone at the reversal on Tuesday. Despite the knee-jerk reflex, the positive bias at the crossover remains unchanged for […]
Tag: EURJPY
Support seen in the 129.00 area
EUR / JPY managed to reverse the initial decline to levels below 129.00. Further recovery would draw attention to this year’s highs near 130.70. The EUR / JPY bearish correction appears to have found decent containment in the area below 129.00 so far on Monday. Despite the corrective weakness, the positive bias in the crossover […]
EUR / JPY targets medium-term uptrend at 128.37 / 30 – Credit Suisse
EUR / JPY maintains a bearish “reversal day” and now also a short-term top, say Credit Suisse analysts. They expect further weakness, leading the euro to the medium-term uptrend line at 128.37 / 30. Key statements: “With a bearish divergence from the RSI timing, we look for this to open the door to a bearish […]
EUR / JPY Price Analysis: Next Support at 129.20
EUR / JPY extends instinctive momentum well below the 130.00 level. There is intermediate support at the 20-day moving average around 129.20. EUR / JPY broke below the 130.00 zone and is at multi-day lows around 129.50. Despite corrective weakness, the bullish bias at the crossover remains good and solid for now. There is still […]
EUR / JPY Price Analysis: The rally remains unchanged
EUR / JPY hits new yearly highs near 130.70 on Thursday. Immediately to the upside comes the 131.00 barrier. The EUR/JPY It puts the 130.00 level under pressure after hitting new 2021 highs at the 130.65 / 70 zone early in the session. The supply bias in the crossover remains good and solid for now. […]
EUR / JPY firm, recovers 130.00 level before FOMC
EUR / JPY regains the optimistic mood and the 130.00 level. The final February CPI of the EMU rose 0.2% month-on-month and 0.9% year-on-year. The FOMC event will be published later in the American session. Increased selling pressure in the Japanese safe haven makes the EUR/JPY back to the area above 130.00 on Wednesday. EUR […]
Additional gains seen above 127.50
EUR / JPY resumed its rise after two declines in a row. Next up is the 2021 high near 130.50. EUR / JPY picks up again to the 130.00 area, leaving behind the pessimism seen earlier in the week. The bias demanded at the crossover remains good and solid for now. That said, if the […]
EUR / JPY struggles to find direction below 2021 highs near 130.50
EUR / JPY loses some ground after hitting highs near 130.50. Higher US yields keep the tone offered around the dollar. Investors shift their focus to the next FOMC meeting. The tone offered in the single currency led to EUR/JPY to trim early gains to new 2021 highs in the 130.50 area. EUR / JPY […]
EUR / JPY Price Analysis: Bullish bias remains unchanged
EUR / JPY advanced above the 130.00 zone new yearly highs in the 130.50 region at the start of the week. Although the crossing saw det. Donald WestbrookDonald-43Westbrook, a distinguished contributor at worldstockmarket, is celebrated for his exceptional prowess in article writing. With a keen eye for detail and a gift for storytelling, Donald crafts […]
EUR / JPY turns negative, retreats from highs above 130.00
EUR / JPY broke above the 130.00 level initially. The improved tone of the dollar weighs on the risk complex. The resumption of buying interest in the dollar is putting the European currency and its peers under further pressure at the end of the week. EUR / JPY weakened by EUR sell-off After hitting new […]
