EUR/JPY reverses three daily pullbacks and approaches 140.00. The four-month resistance line around the 141.50 area caps the upside. EUR/JPY manages to recover somewhat for now and flirts with the 140.00 area after three losing daily sessions. As long as it is below the four-month resistance line near 141.50, losses should continue and another drop […]
Tag: EURJPY
EUR/JPY Price Analysis: Facing strong resistance around 140.00 and crashing below 139.00
The EUR/JPY pair ends the week in the negative, down 0.48%, as the yen shows signs of strength. The deteriorating market mood increases the appetite for haven assets. EUR/JPY Price Analysis: Short-term has a bearish bias, with eyes on a drop below 137.00. The EUR/JPY slumps from weekly highs hit Thursday at 142.32, down over […]
EUR/JPY Price Analysis: Short-term losses remain
EUR/JPY adds to weekly bearish leg and approaches 139.00. Below the 4-month resistance line a further decline seems likely. The EUR/JPY pulls back for the third session in a row and flirts with the 55-day SMA near 139.20 at the end of the week. Although the 4-month resistance line is still capping the upside around […]
EUR/JPY suffers a great volatility of 150 pips after the ECB
EUR/JPY trades wildly as Lagarde fails to impress. The ECB raises interest rates by 50 basis points and announces a new anti-fragmentation tool. The Bank of Japan maintains its ultra-loose monetary policy stance. The EUR/JPY looks to stabilize around 141.00 after strong volatility of 150 pips in the last hour, thanks to ECB policy announcements. […]
EUR/JPY Price Analysis: Struggle around 142.00, stalls below 140.50
The failure of EUR/JPY buyers at weekly highs left the Euro vulnerable to selling pressure. Sentiment shifted to slight risk following the Google news, and Italy’s government is about to collapse. EUR/JPY Price Analysis: Sellers have regained control around 142.00; if the ECB fails to deliver, a further drop below 140.00 is expected. The EUR/JPY […]
EUR/JPY Price Analysis: More rally seen above 140.70
EUR/JPY advances for the fourth consecutive session on Monday. The next hurdle arises around the 140.30 area. EUR/JPY maintains the recovery and breaks above the 140-00 barrier, or two-week highs, on Monday. Further above is the four-month resistance line around 140.70, above which the cross is seen accelerating gains to initially the weekly high at […]
EUR/JPY Price Analysis: Gains could accelerate above 140.50
EUR/JPY rises and extends weekly bounce near 140.00. Next comes the resistance line near 140.50. EUR/JPY advances for the third session in a row and heads towards the 140.00 barrier on Friday. A further advance should clear the 4-month resistance line around 140.50 to allow continuation of the current move to initially the weekly high […]
EUR/JPY Price Analysis: Downside pressure to ease above 140.30
EUR/JPY extends weekly bounce past 139.00. It is likely to continue to rise above resistance near 140.30. EUR/JPY extends Wednesday’s move and recovers to the 139.00 zone and beyond on Thursday. Further rallies should break above the 4-month resistance line around 140.30 to allow a continuation of the rally to initially the weekly high at […]
EUR/JPY Price Analysis: The next target on the downside is the 100-day SMA
EUR/JPY moderated two consecutive daily declines on Wednesday. The resistance line around 140.00 caps the upside so far. The EUR/JPY manages to gather some traction to the upside around 138.00 on Wednesday. Meanwhile, the cross remains under pressure amid the ongoing bounce from July lows in the 136.80 region (8 Jul). As long as the […]
EUR/JPY Price Analysis: Next minor support lies at 136.16
EUR/JPY adds to Monday’s losses and challenges 137.00. Immediately to the downside, the 100-day SMA emerges. The EUR/JPY bearish tone remains unchanged in the second half of the week so far. As long as it is below the 4-month resistance line around 140.00, further losses should remain on the table with the initial target at […]
