EUR / JPY’s weekly recovery hits the 129.00 zone on Wednesday. Immediately to the upside comes the maximum of this year near 130.00. EUR / JPY extended the recent rally and briefly tested the weekly highs at the 129.50 zone, only to later pull back. Should upward pressure persist, then the next target will emerge […]
Tag: EURJPY
Further consolidation seems likely in the short term
The EUR / JPY weekly range seems limited at the 128.30 / 20 zone so far. Immediately to the upside, the annual maximum arises near 130.00. The EUR/JPY it adds to the small gains on Monday and is up slightly, although it is still capped by the 129.00 level so far this week. If the […]
The recovery still points to the 130.00 zone
EUR / JPY finds support in the 128.30 region on Monday. On the upside, the annual maximum arises near 130.00. The EUR/JPY It struggles for the direction at 128.50 after the sharp setback on Friday. If the bulls regain control of sentiment, then the next target will emerge at the 20121 highs just below 130.00 […]
EUR / JPY extends its recovery even further and approaches 130.00
EUR / JPY adds to the recent gains around 130.00. Higher yields sustain the selling bias of the Japanese yen. Advanced US GDP in the fourth quarter stood at 4.1%. Enhanced mood in space associated with risk gives additional wings to the EUR/JPY and pushes it to levels just below 130.00. EUR / JPY at […]
Strong bullish momentum points to 130.00 and beyond
EUR / JPY remains very firm and is approaching the 130.00 level. Above 130.00 it is at the November 2018 high at 130.14. The EUR / JPY cross extends the current bullish momentum and is approaching the psychological hurdle of 130.00. A move above the 130.00 level should put 130.14 (7 Nov 2018 high) back […]
EUR / JPY rises further and points towards 129.00
EUR / JPY adds to gains well above 128.00 on Wednesday. The weaker Japanese yen sustains bullish momentum at the cross. US 10-Year Yields exceed the 1.40% level, new highs. Increasing selling pressure on the Japanese yen is driving the EUR/JPY well above the 128.00 hurdle on Wednesday. EUR / JPY strengthened on strong US […]
Next stop at 129.00 and beyond
EUR / JPY continues to move higher and is approaching 129.00. The next resistance is seen at the 129.00 region. EUR / JPY gains additional momentum and hits new 2021 highs in the 128.80 region on Wednesday. The bullish move in the EUR / JPY cross has not diminished for now and is initially targeting […]
EUR / JPY rises to highs since December 2018 above 128.50
Yen weakness propels EUR / JPY to new highs for the current rally. Quote is approaching 1290.00, accumulates three weeks with profit. The EUR / JPY broke above 128.30 at the start of the European session and climbed to 128.73, reaching the highest level since December 2018. The price then experienced a decline that found […]
EUR / JPY resumes higher and focuses on 128.00
EUR / JPY regains bullish momentum and retests 128.00. The dollar regains attention despite stable returns. J. Powell of the Fed will testify before Congress later in the session. The selling bias around the Japanese safe haven gives additional wings to the EUR/JPY and pushes it back towards 128.00. EUR / JPY now look at […]
Next target remains at 2021 highs near 128.50
EUR / JPY recovers from recent weakness and climbs back above 128.00. Higher up are the yearly highs around 128.50 (Feb 17). The EUR / JPY cross recovers from the pessimism seen earlier in the week and rises again around the 128.00 region during the European session on Tuesday. The bullish movement seen in the […]
