EUR / JPY extends higher to the 126.30 zone on Friday. The 2021 highs in the 127.50 zone are as follows. The EUR / JPY extends Thursday’s bullish run and seeks to consolidate the break of the 126.00 hurdle. If buying pressure morphs into a serious recovery, then this year’s highs around 127.50 should return […]
Tag: EURJPY
125.00 support holds firm
EUR / JPY continues to trade this week with no clear direction. A test to the 125.00 zone is not ruled out. The EUR / JPY is with its erratic movements so far this week, between 125.00 and 126.30. The rejection of the weekly highs in the 126.20 zone (Tuesday / Wednesday) caused uneven ups […]
A drop to 125.00 is not ruled out
EUR / JPY gives up Tuesday’s rally and is back below 126.00. Further weakness could cause the 125.00 area to be retested. The EUR / JPY bullish attempt has again lost momentum in the 126.20 region. The rejection of this area leaves the door open to the resumption of the bearish leg and a possible […]
EUR / JPY remains near weekly highs around 126.20
EUR / JPY is moving higher and rises above the 126.00 level. A weaker USD supports the EUR on Tuesday. The ECB and BoJ rate decisions remain the most prominent events later this week. The improvement in sentiment around the common currency motivates the crossing EUR/JPY to partially reverse the recent decline and recover the […]
Support appears around 125.00
EUR / JPY manages to bounce from recent lows near 125.00. Then, to the upside, the 2021 high appears in the 127.50 area. The resumption of the bullish bias allows for additional gains in EUR / JPY in the short term with the next target at the peaks of the year high in the region […]
EUR / JPY looks weak and challenges the 125.00 level
EUR / JPY accelerates the decline to the 125.00 zone. The buying tone around the US dollar keeps assets with perceived higher risk under pressure. The Chinese economy expanded 2.3% in 2020, 2.6% quarter-on-quarter in the fourth quarter. Another day, another setback at the crossroads EUR/JPY. This time the crossing is approaching the region of […]
EUR / JPY Price Analysis: More Losses Look Likely
EUR / JPY intensifies lower after recent break of 126.00. In this sales context, there is still more weakness on the table. The EUR / JPY extends the downtrend and approaches the 125.00 mark on Monday, extending the negative streak for the seventh session. The ongoing lower tranche encountered initial containment at the 125.00 low […]
The downtrend could test the 55-day moving average near 125.00
EUR / JPY extended the weekly decline after breaking below 125.80 / 126.00, The 55-day simple moving average emerges lower at 125.12. EUR / JPY extends the downtrend below 126.00 on Friday, losing ground for the sixth consecutive session. The continuation of the sell bias should expose a potential test to the 125.00 zone in […]
Chances of a bearish acceleration below 126.00 increase
EUR / JPY fell to 125.91, hitting the lowest level in four weeks. The Key Support Area Under Pressure: A close below 125.90 would point to a stronger correction. He EUR/JPY it continues to correct lower after hitting multi-year highs last week at 127.50. The pair is hovering around 126.00, testing a critical support area […]
Initial support emerges at 126.00
EUR / JPY bounces off recent lows near the 126.00 level. The rise remains limited by current year’s highs around 127.50. EUR / JPY appears to regain some momentum to the upside after hitting recent weekly lows in the vicinity of the 126.00 level. If support at the 126.00 zone clears in the short term, […]
