Tag: EURJPY

EUR/JPY extends Tuesday’s losses below 136.00. Further decline could see the 134.00 region retested. The EUR/JPY cross is moving defensively for the second session in a row, this time breaking the 136.00 barrier. Further downside should find interim support at the 5-day SMA at 135.13, before falling to the 134.00 region (19th May low), where […]

EUR/JPY hits a tough barrier near 136.80. More rises are expected to test the May highs. EUR/JPY partially reverses Monday’s strong advance and is under pressure after another failed attempt to break above the 136.80 region. If the cross manages to push past weekly highs in the 136.70/80 zone, then it could try to challenge […]

EUR/JPY accelerates and recovers the 136.00 level. A bullish extension should initially target the weekly high at 136.70. EUR/JPY quickly outruns Friday’s pullback and manages to break through the key barrier at 136.00 on Monday. The continuation of the current bounce should initially target the weekly high at 136.69 (May 17). Further gains are expected […]

EUR/JPY extends the rally on Thursday and retests 135.80. More rallies should target weekly high at 136.70. EUR/JPY adds even more traction to the upside and revisits the 135.80 region at the end of the week. The continuation of the current bounce should initially target the weekly high at 136.69 (May 17). More gains are […]

EUR/JPY recovers some lost ground after Wednesday’s decline. Further decline should find support near 132.60. EUR/JPY is modestly higher after Wednesday’s sharp decline to the 134.00 area. Price action around the cross remains inconclusive and further declines should not be ruled out- May low at 132.65 (May 12) expected to hold occasional bearish attempts on […]

EUR/JPY is under some pressure and reverses the recent rise. No news at the top, where the 138.30 region emerges as the next target. EUR/JPY gives back some of the recent strong advance and revisits levels below 136.00 on Wednesday. If the recovery accelerates, the cross could see bearish pressure to close above the May […]

EUR/JPY advances higher and recovers 136.00 and beyond. Additional gains could go as far as the 138.30 area in the short term. EUR/JPY posts gains for the third day in a row and manages to recover the area above 136.00 on Tuesday. If the recovery accelerates, the cross could see the bearish tone mitigated, after […]

EUR/JPY extends Friday’s advance and retakes the 135.00 level. For more gains, the euro needs to clear the 138.30 region in the short term. EUR/JPY extends the rally further and manages to visit the area just above 135.00 on Monday. If the recovery accelerates, the cross could see a blunted decline after closing above the […]

EUR/JPY smiles again after Thursday’s sharp drop. Further gains above the May high near 138.30 are likely. After Thursday’s deep drop, EUR/JPY appears to have found some decent support near 132.60 for now. If the recovery accelerates, the cross could see bearish pressures mitigated after a close above the May high of 138.31 (May 9). […]

EUR/JPY corrects sharply lower and challenges 134.00. A further drop could lead to a test at the 55-day mean. EUR/JPY extends the weekly move lower and revisits the 134.00 region thanks to the resurgence of risk aversion in the financial markets. The continuation of the downtrend should find temporary support at the 55-day and 100-day […]