EUR / JPY struggles to find a direction above the 124.00 level. Investor attention remains on the monthly highs just above 125.00. The EUR / JPY bounce off last week’s lows just below 123.00 appears to have encountered stiff short-term resistance around the 124.50 region for the time being. Exceeding this region should allow a […]
Tag: EURJPY
Next key upside appears at 125.00
EUR / JPY extends the bounce and tests the key 124.00 zone. Monthly peaks just beyond 125.00 appear as the next key level. EUR / JPY rebounded from last week’s lows of the area below 123.00 and is now flirting with the 124.00 zone where the 100-day moving average is located. If buying pressure picks […]
EUR / JPY hits one-week highs near 124.00
Rise in stocks keeps EUR / JPY buoyed. Beginning of presidential transition in the US stimulates buying of shares. The EUR / JPY is rising for the second day in a row, racking up an advance of nearly 100 pips since the start of the week. The main factor behind the advance is being a […]
Targeting higher after bearish channel breakout on 4-hour chart
The EUR / JPY has broken a two-week-old bearish channel. The breakout indicates the resumption of the upward movement from the October lows. EUR / JPY rises to the 123.90 region at the start of the European session on Tuesday, extending Monday’s rise from 122.97 and confirming the breakout of the bearish channel on the […]
Bearish pressure eases above 124.00
EUR / JPY bounces from lows and tests the 123.50 area. The 100-day moving average around 124.00 emerges as the next target. EUR / JPY rallies from last week’s lows from the area below 123.00 and manages to regain the 123.50 region on Monday. Meanwhile, while further pullbacks are not ruled out, a break above […]
Bearish pressure remains firm
The EUR / JPY retracement found support at the 122.80 region. Immediately to the downside, the September lows appear near 122.40. EUR / JPY is looking to move further away from the weekly lows near 122.80 (Thursday), although bullish attempts are being limited for the time being. Meanwhile, the odds of a move to the […]
The further drop points to the 122.40 region
EUR / JPY bearish momentum lingers around the 123.00 region on Thursday. Immediately to the downside appear the September lows near 122.40. The EUR / JPY cross alternates losing gains around the 123.00 region on Thursday after an initial drop to weekly lows at the 122.85 / 80 zone. Meanwhile, the odds of a move […]
Euro pushes against 123.15 support area
EUR / JPY falls to test support at 123.15 The pair has lost more than 1% in a seven-day drop. The euro yen has accelerated the seven-day downtrend from the November high at 125.15, after breaking the previous three-day trading low at 123.65 to hit new two-week lows at the 123.00 area. With technical indicators […]
EUR / JPY extends decline and sets new lows in one week below 123.30
The yen remains strong throughout the market driven by the decline in USD / JPY. EUR / JPY returns to the 20-day average. The EUR / JPY is falling again weakened by the rise of the yen throughout the market. The price of the cross is at 123.27, supported by the 20-day moving average and […]
EUR / JPY Price Analysis: Cross remains neutral / bearish
The EUR / JPY is struggling to find direction in the early days of the week and now appears to have moved into a trade within a. Donald WestbrookDonald-43Westbrook, a distinguished contributor at worldstockmarket, is celebrated for his exceptional prowess in article writing. With a keen eye for detail and a gift for storytelling, Donald […]
