EUR / JPY finds daily resistance at the 128.20 / 25 zone. The weak tone of the dollar supports the upside at the cross. The German business climate surprised to the upside this month. The ongoing sell bias hitting the dollar gives more support to riskier assets and raises the EUR/JPY above 128.00 on Monday. […]
Tag: EURJPY
Recovery now points to the 128.50 area
EUR / JPY resumes higher above the 128.00 barrier. The next up is lined up with the 2021 high around 128.50. After the new peaks for this year in the 128.50 area last week, the EUR / JPY triggered a corrective decline to the 127.30 region. The bullish movement of the last few weeks remains […]
Additional gains are likely in the short term
EUR / JPY extends Thursday’s gains and is approaching 128.00. Higher up is the annual high at 128.50 (February 17). EUR / JPY bullish momentum remains strong, with the cross now flirting with the key barrier near the round 128.00 level. The recent bullish move has found resistance near 128.50 for the time being, prompting […]
EUR / JPY cannot exceed 128.00 but remains close
Limited advance of EUR / JPY due to fall of USD / JPY. Cross found resistance at 128.00, maintains intraday bullish tone. EUR / JPY rises modestly on Friday. After approaching 128.00 he lost momentum and began to retreat. It is trading at 127.80, barely in positive territory for the day. In the very short […]
The recovery now points to the 128.50 area
The strong retracement of the EUR / JPY on Wednesday stopped around 127.30. This year’s high near 128.50 now emerges as the next target. Following new 2021 peaks at the 128.50 area on Wednesday, the EUR / JPY triggered a downward correction to the 127.30 region. The bullish movement of the last few weeks appears […]
EUR / JPY continues to offer below 128.00 after US data.
EUR / JPY corrects lower from yearly highs near 128.50. Buying pressure on the dollar weighs on the cross. US retail sales expanded 5.3% monthly in January. After hitting new 2021 highs at 128.50 during early trading, the EUR/JPY reverse those gains and pull back to the 128.00 zone and below. EUR / JPY weakened […]
Immediate resistance appears at 128.50
The EUR / JPY rally finds stiff resistance around 128.50. Higher up comes psychological resistance at 130.00. After hitting new peaks this year at the 128.50 area, the EUR / JPY saw a correction towards levels below 128.00 on Wednesday. In the event that the uptrend resumes in the short term, the next resistance to […]
EUR / JPY rises to new highs beyond 128.00 level
EUR / JPY advances to new highs beyond 128.00. More JPY sales continue to fuel the rally. The weaker dollar supports risk appetite in global markets. The rally of EUR/JPY has not declined, quickly leaving behind the key barrier at 128.00 while recording new 2021 highs. EUR / JPY strengthened by JPY weakness EUR / […]
New earnings could test the 130.00 hurdle
EUR / JPY records new 2021 highs above 128.00 on Tuesday. Higher up appears psychological resistance at 130.00. The EUR / JPY cross extends the move higher and records new yearly highs near 128.30 on Tuesday. If the buying momentum picks up, then the next prominent resistance should emerge at the 129.30 zone (November 29-December […]
Reaches its highest level since December 2018 and targets 61.8% Fibonacci
EUR / JPY rises to multi-year highs, marking a strong continuation of Monday’s breakout. The indicators on the daily chart suggest that there is scope for additional gains. EUR / JPY has risen above 128.00 to hit the highest level since December 2018, having confirmed the breakout of a symmetrical triangle, a bullish continuation pattern […]
