EUR / JPY continues to push higher and extends the bounce further. The intermediate hurdle is at the 55-day SMA near 124.70. The EUR / JPY cross extends the bounce from last week’s lows, near the 123.00 level, due to improving risk appetite sentiment. If the buying pressure gains additional traction, the cross is expected […]
Tag: EURJPY
EUR / JPY clings to gains above 124.00
The euro maintains daily gains against the US dollar and the yen. EUR / JPY makes a strong rebound and climbs back above the 20-day moving average. The EUR/JPY extended the gain during the US session and hit a fresh six-day high at 124.33. It is consolidating earnings, having the best performance in almost a […]
The recovery points to the 125.00 area
EUR / JPY is moving to multi-day highs and flirts with the 124.00 level. The next resistance on the upside is the 125.00 level. EUR / JPY rebounds sharply and picks up buying interest thanks to improved risk appetite. If buying pressure gains additional traction, then the cross is expected to hit the next relevant […]
EUR / JPY jumps to the 124.00 area before it rises in the bags
Risk appetite propels EUR / JPY to six-day highs. The cross is testing 124.00 and has the steepest rally in nearly two weeks. The EUR / JPY extended the bullish run to the 124.00 zone, reaching the highest level since Tuesday. The price is rising supported by the advance of the EUR / USD and […]
Drop to 122.40 is now within the means
EUR / JPY extends lower to the 123.00 area. The risks of a deeper pullback are there, dominating the landscape. EUR / JPY accelerated lower and fell again on Friday. So far, the cross has managed well to find support near the 120.00 area. If the bearish tone intensifies, then the EUR / JPY is […]
EUR / JPY tests five-month support line at 123.39 – Commerzbank
The EUR/JPY it is selling towards its five-month uptrend at 123.39, which is expected to hold initially. A break below here would open the way towards the September low of 122.38 and potentially towards the 200-day moving average at 121.08, as reported. Karen Jones, Head of the Technical Analysis Research team at Commerzbank. “The EUR […]
EUR / JPY falls to lows in a week and a half in the area of ​​123.50
Euro with some weakness in the market that favors a fall in the EUR / JPY. Yen remains firm, despite stability in the markets. EUR / JPY is falling for the third day in a row. It recently hit the lowest level in twelve days at 123.56, and bounced slightly. It is trading at 123.70, […]
