The yen recovers, stocks trim gains. EUR / JPY rejected above 124.00 falls below 123.70. The EUR / JPY is volatile trading and has just dropped to the lowest level since November 9 at 123.62. The cross remains in the area of ​​the lows with the bearish tone. It had previously climbed to 124.44, the […]
Tag: EURJPY
EUR / JPY falls back to 124.00 after being rejected from 124.50
EUR / JPY remains practically flat on the day after hovering around the 124.00 level. The common currency loses momentum as market sentiment wanes. EUR / JPY remains above key support at 123.80. The euro has been moving back and forth on both sides of the 124.00 level on Thursday, in a slightly negative tone, […]
Additional movement in range on the table
The EUR / JPY has moved into consolidation mode for the time being. The 125.00 zone continues to limit the rise in the short term. EUR / JPY extends range movement after Monday’s strong gains to the area just above the 125.00 level. Meanwhile, October lows in the 121.60 zone appear to support potential downside […]
EUR / JPY trades above 124.00 after failing to break above 125 resistance
EUR / JPY remains stable near the eight-week highs after falling back from 125.00. The Japanese yen suffers from risk appetite. A new area test of 125.00 remains on the cards. The euro was rejected on Monday at the psychological level of 125.00 and fell back to session lows at 124.00 on Tuesday, where the […]
The rises are still limited by the 125.00 zone
EUR / JPY reverses Monday’s strong rally after reaching levels above 125.00. Now this area is expected to emerge as solid resistance. The EUR / JPY came under some downward pressure after an auspicious start to the week. EUR / JPY rose and tested multi-week highs beyond 125.00 at the beginning of the week, although […]
Bulls Look Elusive Despite Monday’s Downtrend Line Break
EUR / JPY is trading near 124.00, falling from 125.14 reached during the American session on Monday. The breakout of the downtrend line on Monday fails to attract buyers. The EUR / JPY cross is moving lower during the European session on Tuesday despite a bullish breakout on the daily chart. The currency pair is […]
EUR / JPY jumps to 125.00 before yen plummets on COVID-19 vaccine announcements
The EUR / JPY skyrocketed and rose nearly 200 pips in the past two hours, fueled by appetite for risk that flooded markets following reports on Pfizer’s coronavirus vaccine studies. The crossing climbed from 123.15 to 124.92, reaching the highest level since October 20. It is trading at 124.70 / 75, having the most important […]
EUR / JPY Price Analysis: More Consolidation Ahead
EUR / JPY faded from weekly highs above 123.00. More consolidation ahead looks likely in the near term. EUR / JPY extended consolidation mood following the recent rejection from weekly / monthly peaks above 123.00. Meanwhile, recent lows in the 121.60 zone appear to contain possible downside movements, while the 123.00 neighborhood limits the gains […]
More rises appear on stage
EUR / JPY extends the rise for another session on Thursday. The bets for the continuation of the uptrend continue to rise. EUR / JPY added to recent gains and hits new highs in the vicinity of 123.00 thanks to the general improvement in risk appetite. More raises remain within range, with intermediate obstacles at […]
A test at the 200-day moving average is not ruled out
EUR / JPY faces increased volatility as markets await election results. A move lower could extend to the 200-day SMA near 121.20. EUR / JPY is trading without a clear direction on Wednesday amid growing uncertainty regarding the results of the US elections. In case weakness returns, then the door should be open for a […]
