DXY retraces part of Friday’s strong advance and returns to 106.30. Further weakness could see recent lows near 105.00 revisited. On Monday, the US dollar index (DXY) is under pressure and partially reverses Friday’s gains to around 107.00. Continuing selling pressure could facilitate a deeper pullback to initially the August low near 105.00 (Aug 2). […]
Tag: EURJPY
EUR/JPY Price Analysis: The next target on the upside is the 55-day SMA
EUR/JPY extends its recovery to 138.00 on Monday. Further above, the intermediate 55-day SMA now emerges around 139.50. The EUR/JPY still in recovery mode and already flirting with the 138.00 zone at the beginning of the week. Given the ongoing price action, it seems likely that the cross will continue to rise for the time […]
EUR/JPY hits weekly highs near 137.90 after NFPs
US payrolls beat expectations in July. Japanese yen falls sharply as US yields soar. EUR/JPY rebounds over 400 points from weekly lows. The EUR/JPY pair jumped on the release of a better-than-expected US jobs report. The cross rose to 137.75, reaching the highest level in a week. It is hovering around 137.50, holding strong holdings. […]
EUR/JPY Price Analysis: Weekly gains capped by 137.00 area
EUR/JPY advances for the fourth session in a row on Friday. Immediately on the upside comes the monthly high near 137.00. The EUR/JPY extends its recovery for another session, pending the publication of key data in the United States. Considering the ongoing price action, it seems likely that the cross will continue to rise for […]
EUR/JPY Price Analysis: More gains appear to be on the way in the short term
EUR/JPY extends weekly recovery to the vicinity of 137.00. The next upside barrier is at the 100-day moving average near 137.80. EUR/JPY advances for the third session in a row and flirts with the 137.00 zone on Thursday. Considering the ongoing price action, the cross looks likely to continue higher for now, with intermediate hurdles […]
EUR/JPY Price Analysis: Decent support emerging around the 200-day moving average
EUR/JPY extends Tuesday’s bounce from the 133.40 area. The 200-day moving average, located near 133.70, maintains the downward trend so far. EUR/JPY extends the rebound to the limits of 136.00 after bottoming near the 200-day simple moving average on Tuesday (133.71). At the moment, the cross looks set to move higher, with intermediate hurdles at […]
EUR/JPY Price Analysis: Negative Outlook Below 200-Day Average
EUR/JPY continues to fall and challenges the key 200-day moving average. Below the latter, the cross could risk a deeper pullback. EUR/JPY extends bearish move below 134.00 on Tuesday. Meanwhile, price action on the cross remains entrenched in negative territory, losing ground for the fourth session in a row so far. A break below the […]
EUR/JPY Price Analysis: Possibility of more losses in the short term
EUR/JPY falls for the third consecutive session on Monday. There are minor support levels at 134.98 and 133.92. EUR/JPY starts the week on the defensive and approaches the key 135.00 zone, three-month lows. The cross entered the third consecutive week with losses and remains vulnerable to further decline in the short term. A deeper pullback […]
EUR/JPY Price Analysis: Door open for a challenge to the 200-day moving average
EUR/JPY extends the decline for the second consecutive session. The next downside zone emerges at the 200-day SMA at 133.66. EUR/JPY accelerates the weekly pullback and has already tested fresh 2-month lows in the 135.50 area, where some initial containment seems to have emerged. The cross remains under pressure and is vulnerable to further decline […]
EUR/JPY Price Analysis: Further losses below 136.85 likely
EUR/JPY accelerates decline below 138.00 on Thursday. Immediately to the downside now comes the July low at 136.85. EUR/JPY quickly pulls back to 2-week lows well below 138.00 on Thursday. The cross remains under pressure and is vulnerable to further decline while below the weekly high of 142.32 (July 21). Against this, the next support […]