EUR/JPY rises again after Thursday’s pullback. The next target on the upside is the August high at 138.40. EUR/JPY continues the weekly rally and is already flirting with the 138.00 zone on Friday. If the cross breaks above the August high at 138.39 (Aug 10), gains should accelerate further and revisit the 55-day simple moving […]
Tag: EURJPY
EUR/JPY Price Analysis: Gains remain capped at 138.40 so far
EUR/JPY looks offered after two consecutive daily advances. Next up is the August high at 138.40. The EUR/JPY corrects lower after hitting weekly resistance just below 138.00 on Aug 17. Should the recovery be more serious, the cross should meet the next barrier at the 100-Day SMA at 138.13 before the more relevant August high […]
EUR/JPY Price Analysis: Rises above the 20-DMA as buyers eye the 50-DMA
EUR/JPY rallies as buyers look for a break above the 100-day EMA at 138.10. The risk-off drive was no excuse for euro buyers to drive the shared currency higher. If EUR/JPY buyers fail to break above the 138.39 level, the pair would be exposed to selling pressure. The EUR/JPY rallies towards solid resistance around the […]
EUR/JPY Price Analysis: More upside remains on the cards in the near term
EUR/JPY extends gains above 137.00. Immediately on the upside is the August high at 138.40. EUR/JPY extends Tuesday’s gains and recovers the 137.00 zone and beyond on Wednesday. Should the recovery turn more serious, then the cross should meet the next barrier at the 100-day simple moving average at 138.10, before the more relevant August […]
EUR/JPY Price Analysis: Recovery initially heading towards 138.40
EUR/JPY is trading with modest gains after two consecutive daily declines. If the rebound picks up pace, the cross could revisit 138.40. EUR/JPY leaves behind two consecutive daily declines and advances above 136.00 on Tuesday. Should the recovery become more serious, then the cross should meet the next barrier at the 100-day SMA at 138.08 […]
EUR/JPY Price Analysis: More gains expected once the 138.40 level is broken
EUR/JPY adds to Thursday’s bounce and approaches 138.00. Further gains seem likely if it closes above the 138.40 area. The EUR/JPY it bounces further in the second half of the week and looks to retake the 138.00 barrier and higher in the short term. The continuation of the bullish momentum is expected to find a […]
EUR/JPY Price Analysis: Intermediate Peak Near 138.40?
EUR/JPY attempts a slight rebound after Wednesday’s drop. The August high at 138.39 caps the upside for now. EUR/JPY rebounds from weekly lows in the 136-60/50 band and recovers some ground lost in Wednesday’s sharp pullback. For now, the August recovery seems to have met some initial resistance at the 138.40 area (Aug 10). If […]
EUR/JPY Price Analysis: Sinking sharply below 137.00 as risk appetite improves
The EUR/JPY daily chart forms a bearish candlestick pattern with bearish implications. In the short term, the EUR/JPY could provide momentum before extending the downtrend. The EUR/JPY slumped on Wednesday as risk momentum spurred on by lower US inflation data, dispelling the Federal Reserve’s need for aggressive tightening. The reaction was that the US 10-year […]
EUR/JPY Price Analysis: The next level on the upside is the 55-day moving average
EUR/JPY continues to rise and is trading around 138.00. Further rallies would test the 55-day moving average around 139.60. EUR/JPY continues the uptrend for one more session and hovers around the 138.00 area. Considering the ongoing price action, it seems likely that the cross will continue to rise for the time being. That said, the […]
EUR/JPY Price Analysis: Further rallies likely in the short term
EUR/JPY extends recovery to around 138.00 on Tuesday. Further up is the 55-day average around 139.50. EUR/JPY continues to rise and is already above the 138.00 zone on Tuesday for the sixth consecutive session. Considering the ongoing price action, it seems likely that the cross will continue to rise for the time being. That said, […]