EUR/JPY extends the march above the 142.00 bar. More rally is now targeting the 2015 high beyond 145.00. EUR/JPY keeps marching north well in place for yet another session and posts new cycle highs beyond 142.00 on Tuesday. The cross briefly probed the area just above 142.00 and opened the door for a continuation of […]
Tag: EURJPY
EUR/JPY Price Analysis: Further rally could lead to 141.00
EUR/JPY hits fresh 2022 highs beyond 140.00. Continuation of the uptrend could lead to a retest of 141.05. EUR/JPY posts new cycle highs beyond the 140.00 mark at the start of the week. The cross quickly cleared the 140.00 hurdle and advanced to the 140.60/65 band on Monday, at the same time opening the door […]
EUR/JPY Price Analysis: More upside likely to break above 140.00
EUR/JPY rises and visits area near 140.00. Beyond 140.00, the cross should challenge 141.05. EUR/JPY continues to rally solidly and trades close to this year’s peak of 140.00 (April 21). Breaking above the 2022 peak should prompt the cross to shift its attention to the June 2015 high at 141.05. In the meantime, if it […]
EUR/JPY Price Analysis: With additional gains on the table
EUR/JPY wobbles once again ahead of 139.00. Further advance should target 2022 high at 140.00. The EUR/JPY continues its strong performance for another session, although the break of 139.00 remains elusive so far. The cross now needs to break above the resistance zone near 139.00 for the bulls to challenge the 2022 high at 140.00 […]
EUR/JPY Price Analysis: Next target on the upside is 2022 high at 140.00
EUR/JPY extends the bounce to the 139.00 zone. Further strength should target this year’s high around 140.00. EUR/JPY rises and advances to new highs at the limits of 139.00 on Wednesday. The cross left behind the May high at 138.30 and is now poised for the continuation of the bounce with the initial target at […]
EUR/JPY Price Analysis: Above 138.30 comes 140.00
EUR/JPY briefly revisits the 138.00 area on Tuesday. Two-month support line near 134.85 holds downsides limited. EUR/JPY briefly flirted with the 138.00 environment only to lose some traction shortly after on Tuesday. The continuation of the bullish bias faces the next hurdle at the May high at 138.31 (May 9). Breaking above this level should […]
EUR/JPY Price Analysis: The pair rises towards 137.55
EUR/JPY bulls regain control and prepare to target 138.00. Sentiment has improved as China is about to ease some Covid-19 restrictions in Beijing and Shanghai. EUR/JPY Price Analysis: Rising Wedge breakout to the upside and RSI in bullish territory puts bullish pressure on the currency pair. The EUR/JPY breaks above the top of the rising […]
EUR/JPY Price Analysis: Short-term bullish bias unchanged above 134.65
EUR/JPY extends recent gains and breaks through the 137.00 hurdle. Above the two-month support line, further gains are likely. EUR/JPY extends the march north for the third consecutive session beyond the 137.00 barrier at the beginning of the week. The cross broke above the 136.80 region and in doing so opened the door for further […]
EUR/JPY Price Analysis: More rally on the table above 134.50
EUR/JPY is once again teetering around the 136.70 region. Further gains above the 134.50 area seem likely. EUR/JPY corrects lower after once again failing to extend the recovery above the 136.70 area on Friday. The succession of higher lows since mid-May leaves the prospect of further hikes on the table for now. That said, as […]
EUR/JPY Price Analysis: More rally seen above 136.80
EUR/JPY alternates gains with losses below 136.00. Further consolidation is likely in the near term. EUR/JPY is trading volatile after rising as high as the 136.50 region earlier this Thursday. More sideways trade appears on the table for the cross on the short-term horizon, while further rallies could accelerate following a break above recent highs […]
