EUR / JPY extends the downward correction to the 126.00 area. Weekly lows in the 125.60 area emerge as the next support. EUR / JPY bearish momentum remains good and solid for now, although the 126.00 area has emerged, for now, as fairly solid support. The proximity of the 21-day SMA near 126.20 also reinforces […]
Tag: EURJPY
EUR / JPY bounces from lows in one week after sustaining above 126.00
USD / JPY advance limits EUR / JPY decline. Bounce in stocks favors the euro’s rebound against the yen. The EUR / JPY is trading near 126.30, after falling to 126.08, the lowest level in a week. The decline occurred in a context of a strong rise in the dollar and a decline in the […]
Possibility of more setbacks at the door
EUR / JPY loses ground for the third consecutive session. Weekly lows in the 125.60 area emerge as the next support. EUR / JPY extends the pessimism seen in the first half of the week and is already trading near key support at the 126.00 area, where it also coincides with the 21-day SMA. The […]
EUR / JPY falls to lows in six days, remains above 126.00
Euro continues downhill against the yen, albeit at a moderate pace. EUR / JPY supported on the 20-day moving average. The EUR / JPY is falling for the third day in a row, albeit at a more moderate pace. The price fell to 126.20, the lowest level in almost a week. It is trading at […]
The downward correction could extend to test 125.60
The EUR / JPY extends the decline for the second consecutive session. Weekly lows in the 125.60 area emerge as the next support. EUR / JPY is prolonging Monday’s slide and testing the 126.20 zone on Tuesday, where the 21-day SMA is located. The renewed bearish pressure is expected to find intermediate support at the […]
The upside loses stability before 127.50
EUR / JPY is under pressure and is pulling back below 127.00. The 2021 highs in the 127.50 zone emerge as the next hurdle. Following Friday’s bullish move to levels above 127.00, the EUR/JPY has started the week with an offered bias. No change at the top, where the 2021 highs around 127.50 remain the […]
Go up and retake the 127.00 level
EUR / JPY advances strongly and retakes the level 127.00. The 2021 highs in the 127.50 zone are as follows. The EUR/JPY extends the weekly recovery and finally manages to regain the 127.00 level and above. Now it looks like there are more rises, with the next major hurdle at the yearly highs around 127.50. […]
Above 126.50 are the 2021 highs near 127.50
EUR / JPY adds to recent gains and flirting with 126.30 / 35. The 2021 highs in the 127.50 zone are as follows. He EUR/JPY adds to Wednesday’s gains and further extends the weekly recovery to the 126.30 region on Thursday. If the buying pressure morphs into a more serious bullish attempt, then the yearly […]
Additional gains expected above 126.50
EUR / JPY bullish momentum falters once again near 126.50. Higher up are the 2021 highs in the 127.50 zone. The EUR / JPY cross returns some of Friday’s gains and finds support near the 126.00 region so far. If buying pressure morphs into a serious recovery, then further gains at the yearly highs around […]
EUR / JPY targets 123.87 if it falls below 125.09
Karen Jones, Head of the FICC Technical Analysis Research Team at Commerzbank, has suggested that EUR / JPY is at risk of a possible move to 123.87. Key Comments: “The EUR / JPY experienced a sharp pullback towards the October and November highs at 125.13 / 09. The bounce from this region has reached the […]
