EUR/JPY adds to Wednesday’s small losses and breaks above 142.00. It is likely to continue rising as long as it is above the 138.00 area. The EUR/JPY flirts with fresh 3-day lows in the 142.00 area on Thursday. Despite the corrective move, the cross maintains bullish momentum and a continuation of this move should retest […]
Tag: EURJPY
EUR/JPY Price Analysis: Immediate resistance appears around 144.00
EUR/JPY fails once again to break above the 144.00 zone on Wednesday. Gains are likely to accelerate on a break of the 2022 high at 144.25. EUR/JPY trades defensively on Wednesday for the first time after three consecutive daily gains. Despite the corrective move, the cross maintains solid upside momentum and a continuation of this […]
EUR/JPY Price Analysis: Further Gains Expected
EUR/JPY accelerates gains and breaks above the 143.00 mark. Immediately to the upside is now the high for the year beyond 144.00. EUR/JPY rises for the third session in a row and breaks above the 143.00 mark on Tuesday. The cross maintains the rebound from last week’s lows in the area below 138.00. A continuation […]
EUR/JPY Price Analysis: Further recovery targets 2022 highs
EUR/JPY extends Friday’s gains above 142.00. Further ascent should retarget 2022 highs beyond 144.00. EUR/JPY extends Friday’s bounce above the 142.00 level at the start of the week. The EUR/JPY cross bounced from last week’s lows in the area below 138.00 and a continuation of this move should put a possible challenge of the 2022 […]
EUR/JPY falls to 10-day lows below 140.00
Euro under pressure, yen soars on risk aversion. The Dow Jones plunges 2.60% and US yields hit multi-year highs. EUR/JPY drops almost 500 pips in three days. The fall of EUR/JPY from multi-year highs it accelerated on Monday and fell below 140.00. From the highs of last week, it has dropped 500 pips Pullback points […]
EUR/JPY Price Analysis: Temporary spike forms just above 144.00
EUR/JPY extends the pullback that started on Thursday and breaks 142.00. The next major support comes at 140.00. EUR/JPY extends rejection from recent highs beyond 144.00 at the end of the week. Overbought conditions and renewed demand for the Japanese yen now force the cross to lose ground and refocus its attention on the 140.00 […]
EUR/JPY Price Analysis: Technical Correction Looks Likely
EUR/JPY pulls back from recent cycle highs above 144.00. More rallies now target 2015 peak beyond 145.00. EUR/JPY is experiencing a technical retracement after the sharp rise seen in previous sessions, which led technical indicators to overbought levels, according to the daily RSI which is above the 70.00 threshold. The cross probed the area above […]
EUR/JPY Price Analysis: More rally seems likely in the short term
EUR/JPY hits new cycle highs just above 144.00. More rallies now target 2015 high beyond 145.00. The EUR/JPY rally does not look weakened and is currently testing the new highs area in the neighborhood of 144.00. The cross was briefly in the area just above 144.00 and opened the door for a continuation of the […]
EUR/JPY soars past 144.00 for the first time since January 2015
EUR/JPY hits intraday high since December 2014. The yen collapses on rise in treasury bond yields. The euro favored before expectations for the ECB meeting. On day ten of the EUR/JPY rally, the cross instead of pausing accelerated the rally. The euro rises more than 200 pips on Wednesday and reached 144.21, the highest intraday […]
EUR/JPY Price Analysis: Steady near 7-year highs hovering around 141.80
The shared coin is up 1.17% on the week. Market traders’ sentiment turned positive, although it could fluctuate at any time. The EUR/JPY is rising to 7-year highs, to a level last seen in January 2015, around 142.06, although Euro bulls are taking a breather as EUR/JPY remains positive below 142.00. At 141.88, EUR/JPY reflects […]
