EUR/JPY extends current bearish move around 137.00. Bullish attempts initially target the 138.30 region. EUR/JPY extends weekly decline, falls for the third session in a row and breaks below 137.00 on Wednesday. The cross, meanwhile, remains within the consolidation theme since the beginning of the month. A break of this pattern should leave the weekly […]
Tag: EURJPY
EUR/JPY Price Analysis: More consolidation on the table
EUR/JPY remains on the defensive so far this week. Bullish attempts target 2022 highs around 140.00. EUR/JPY extends Monday’s decline and retests the 137.00 region on Tuesday. The cross appears to be back to previous consolidation for the time being. The breakout of this phase is expected to shift attention to a possible visit to […]
EUR/JPY Price Analysis: The search for 140.00 remains in force
EUR/JPY extends current recovery towards 138.00. The next target on the upside comes at the 139.00 hurdle ahead of 140.00. EUR/JPY extends bullish momentum and trades at multi-day highs beyond 138.00 at the start of the week. Further gains now look on the table with the next target at the 139.00 round level ahead of […]
EUR/JPY Price Analysis: Stuck around 136.50-138.00
Market sentiment is positive, although it is worth noting that China’s battle against Covid-19 could outweigh risk appetite and change sentiment negatively. EUR/JPY Price Forecast: Head-Shoulders Pattern Dim Prospects for EUR Higher. The EUR/JPY it remains stuck in the 136.50-138.00 range for the third consecutive trading session, although it breaks two successive losing days and […]
Possibilities of more tours in ranks
EUR/JPY loses steam on Monday after rising to 137.60. The cross could face some consolidation in the short term. EUR/JPY is unable to sustain the initial rally to the 137.60 region at the start of the week. The cross could move into a consolidation phase in the very short term before the possible continuation of […]
With room for some short-term consolidation
EUR/JPY daily advance loses stability around 138.00 on Friday. In the short term there could be some trading inside the range. The EUR/JPY trades defensively around 137.00 after two consecutive daily gains on Friday. The cross could move into a consolidation phase in the short term before the possible continuation of the uptrend. Against that, […]
EUR/JPY rises and approaches 138.00 after dovish BoJ and German inflation figures
EUR/JPY is about to close April with gains of 2.25% for the month. An upbeat market mood weighed on the JPY, along with a “dovish” Bank of Japan (BoJ). The shared currency is recovering against the Japanese yen after the Bank of Japan (BoJ) committed to its dovish stance, despite expressions from the Japanese Finance […]
Negative price action/RSI divergence drags the cross towards 137.50
EUR/JPY is poised to gain support following dovish comments from the ECB, amid a stronger yen. De Guindos of the ECB was aggressive and said a rate hike in July is possible. EUR/JPY Price Forecast: Negative Divergence on the daily chart to push the pair towards 137.50. The shared currency is holding on to gains […]
Breaks into 7-year highs around 139.50
The shared coin makes gains of over 200 pips against the Japanese yen. Market players ignored the verbal “intervention” by Japanese Finance Minister Suzuki and BoJ Governor Kuroda. EUR/JPY Price Forecast: Break above 137.50 opened the door towards 141.05. The EUR/JPY soars more than 200 pips on Tuesday, amid broad Japanese yen weakness and a […]
EUR/JPY consolidates below key resistance at 137.00
EUR/JPY is consolidating near recent highs above the 136.50 mark on Monday in quiet, holiday-reduced trading. “Until the BOJ changes its ultra-dovish stance… monetary policy divergence suggests continued yen weakness,” one analyst said. Techs are eyeing a possible break above the 137.00 level and a push towards 140.00. The EUR/JPY is consolidating near recent highs […]
