- Analytics
- News and Tools
- Market News
- EUR/JPY Price Analysis: Further losses expected below 130.45
EUR/JPY Price Analysis: Further losses expected below 130.45
- EUR/JPY extends the leg lower to the 130.40 area.
- The 200-day SMA holds the downside so far.
EUR/JPY adds to the ongoing decline and keeps navigating the area of 4-week lows in the 130.40 region on Friday.
EUR/JPY gyrates around the 55-day SMA in the mid-130.00s at the end of the week, while a drop below this area should expose another visit to the critical 200-day SMA around 130.40. This area of support remains propped up by the proximity of a Fibo retracement (of the October’s rally) near 130.30.
Below the 200-day SMA, the outlook for the cross is predicted to shift to bearish.
EUR/JPY daily chart
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
