Sunday, January 19, 2020
Home > EUR/JPY

EUR/JPY hovers below the 6-month peak

EUR/JPY hovers below the 6-month peak; holds in ascending channel. EUR/JPY has been trading within an upward sloping channel after the rebound on the 28-month low of 115.85, reached on September 2019. Currently, the price is trading close to yesterday’s six-month high of 122.75, having pulled back slightly. The near-term bias is looking neutral-to-bullish as

Read More

Technical Analysis – EUR/JPY cautiously positive

EUR/JPY moves sideways around the 120.00 level; cautiously positive. EUR/JPY looks to be undecided over the last two weeks, following the decline from the high of 121.46. Furthermore, momentum seems to have evaporated, something also backed by the 40- and 100-period simple moving averages (SMAs), which are turning slightly sideways. The short-term oscillators,

Read More

Technical Analysis – EUR/JPY’s climb consolidates

EUR/JPY’s climb consolidates but sustains its positive picture. EUR/JPY has adopted a sideways market after the ascent which commenced on October 3, with weakened directional momentum undecided. Nevertheless, buyers are attempting to revisit the fresh high of 121.46 after moving back above the 40-period simple moving average (SMA) within the sideways market. The

Read More

Technical Analysis – EUR/JPY recovery starts to lose steam

EUR/JPY recovery starts to lose steam; 50-SMA holds strong. EUR/JPY bulls retook control bouncing off the 119.00 handle, which is the 23.6% Fibonacci retracement level of the up-leg from 115.85 to 120.00 and where the restrictive 50-period simple moving average (SMA) also rests. The bears’ multiple attempts to breach below the 50-period

Read More