The EUR/JPY maintains the five-month uptrend at 123.57 after falling 200 week moving average in 125.22. Karen Jones, head of the technical analysis research team at the FICCI in the Commerzbank, points to the September low at 122.38 on a break below the aforementioned uptrend, while a break above the 125.29 resistance would open the […]
Tag: EURJPY
An extension of the range seems likely
EUR / JPY extends swing activity around 124.00. Immediately to the upside, the obstacle of 125.00 arises. EUR / JPY remains sideways between the 100-day and 55-day SMAs at 123.50 and 124.65, respectively, for the time being. More consolidations are likely amid a broad-based cautious stance in world markets. A move below the 100-day SMA […]
100-day SMA near 123.50 offers support
The EUR / JPY slide finds support near 123.50 so far. Immediately to the upside is the hurdle at 125.00. The EUR / JPY’s corrective slide, from Monday’s highs around 125,000, finds decent support around the 100-day SMA at the 123.50 zone. If sellers continue to push down, then the monthly lows near the 123.00 […]
EUR / JPY begins to erode five-month uptrend at 123.47 – Commerzbank
The EUR/JPY is starting to erode the five-month uptrend at 123.47 and Karen Jones, Head of Technical Analysis Research Team at Commerzbank, points to the September low of 122.38. “EUR / JPY remains under pressure after its recent failure at the 200-week moving average at 125.21 and our bias remains negative below 125.30“. “The pair […]
EUR / JPY cuts losses after falling to 123.65
Euro falls again against the yen, shows signs of stabilization after the start of the American session. EUR / JPY continues to approach important support. EUR / JPY is falling for the second day in a row, although it has managed to cut losses in the last hours, after the start of the American session. […]
The rises point to 125.00
EUR / JPY finds initial support in the 123.80 region so far. Immediately to the upside, the obstacle of 125.00 arises. EUR / JPY extends Wednesday’s moderate pullback and finds initial containment at the 123.80 area so far on Thursday. The 100-day SMA emerges lower at 123.50, which should offer additional support if the selling […]
EUR / JPY reverses gains and is trading near 124.00
EUR / JPY bullish momentum lost momentum at the 125.00 zone. Rumors of increased US stimulus hurt the dollar. The markets’ attention remains on the advance of the COVID-19 pandemic. The renewed demand for the safe haven yen forces the EUR/JPY to leave the area of ​​recent highs at 125.00 on Wednesday. EUR / JPY […]
EUR / JPY maintains a slight downward bias while below 125.11
EUR / JPY rose sharply again on Tuesday, however, only a break above 125.11 would end corrective risks for the central uptrend to resume, in the opinion of the Credit Suisse analyst team. Key statements: “EUR / JPY rallied further on Tuesday after essentially staying above the potential uptrend of May earlier in the week. […]
EUR / JPY Price Analysis: Current Pullback Looks Short-lived
The strong rebound from the EUR / JPY cross encountered a stiff barrier at the resistance zone near 125.00 on Tuesday. Overcoming this area,. Credits: Forex Street 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 […]
EUR / JPY rises further and tests 124.80, multi-session highs
The EUR / JPY flirts with the 55-day SMA around 124.70 / 80. Risk sentiment weighs on the yen as a safe haven. Rumors of stimulus continue to fuel the space associated with risk. The persistent optimistic mood surrounding the riskiest assets fueled the strong advance in the EUR/JPY near the key barrier 125.00. EUR […]
