Tag: EURJPY

EUR/JPY is trading inside an unfinished range on Monday. The 139.85 zone limits the upside for now. EUR/JPY alternates gains with losses in the 138.00 zone at the beginning of the week. Meanwhile, the cross remains under pressure amid the ongoing bounce from July lows in the 136.80 region (8 Jul). If it continues to […]

EUR/JPY attempts a slight rebound after Wednesday’s pullback. Immediately below is the 100-day average. EUR/JPY manages to regain some composure and advances towards the 139.00 area, although gains have not been sustained so far and it looks vulnerable. The cross now faces a lower outlook after breaking below the four-month support line today around 139.45. […]

EUR/JPY adds to weekly leg down and breaks 138.00. Further losses could retest the June low at 137.83. The EUR/JPY it remains on the defensive and faces a deeper pullback on the short-term horizon. The cross now faces the possibility of further decline if it breaks below the 4-month support line around 139.40 convincingly. Against […]

EUR/JPY resumes downtrend after sharp drop in euro. Short-term outlook could turn negative below 139.25. EUR/JPY quickly erases Monday’s rally and breaks below 140.00 to post fresh three-week lows. If the selling pressure picks up, it could challenge the current short-term bullish bias. That said, if the cross breaks the four-month support line near 139.25, […]

EUR/JPY reverses recent weakness and recovers to 141.00 and beyond. Further rallies seem likely as long as it is above the 138.80 area. The EUR/JPY It leaves behind four consecutive daily pullbacks and recovers the area above 141.00 on Monday. The bullish bias on the cross remains as long as the support line around 138.80 […]

EUR/JPY continues to slide and breaks 141.00 to multi-session lows. The next move down is the June low at 137.86 (June 15). The EUR/JPY remains under selling pressure and hits fresh 2-week lows below 141.00 on Friday. Despite the ongoing correction, the bullish bias of the cross holds well as the support line around 138.70 […]

EUR/JPY extends downside correction below 142.00. Above 138.60, the cross is likely to continue moving higher. The EUR/JPY falls for the third session in a row on Thursday, this time breaking below key support at 142.00. Despite the ongoing correction, the bullish bias on the cross remains as long as the support line around 138.60 […]

EUR/JPY hits a fresh 2022 high near 144.30 on Tuesday. Higher up is the 2015 high near 145.30. The EUR/JPY gains for the third consecutive session and records new cycle highs near 144.30 on Tuesday. The bullish bias on the cross remains good and solid and the continuation of the rally is now targeting the […]