- Analytics
- News and Tools
- Market News
- EUR/JPY Price Analysis: The 128.00 area holds the downside, for now
EUR/JPY Price Analysis: The 128.00 area holds the downside, for now
- EUR/JPY adds to the recent pullback and retests 128.00.
- Further south comes the August/September lows at 127.93.
EUR/JPY extends the downside and revisits the 12800 region at the end of the week.
The continuation of the downtrend remains in the pipeline and therefore another visit to the monthly low at 127.97 (November 19) looks likely in the short-term horizon. A move further south should see the August and September low around 127.93 retested.
Looking at the broader picture, the outlook for the cross is expected to remain negative while below the 200-day SMA, today at 130.54.
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
