- Analytics
- News and Tools
- Market News
- EUR/JPY Price Analysis: Bulls eye a break above 131 the figure
EUR/JPY Price Analysis: Bulls eye a break above 131 the figure
- EUR/JPY is holding tight in bullish territory for the open.
- EUR/JPY bulls seeking a discount from a healthy correction.
EUR/JPY is consolidating a bullish impulse and the focus is on a correction before higher prices through 131 the figure. The following illustrates the bias from an hourly perspective for the opening sessions of the week.
EUR/JPY H1 chart
The price on the hourly time frame has an inefficiency as per the wicks between 130.68 and 130.80 and the 61.8% Fibonacci ratio sits near 130.70 and has a confluence with the 21-EMA.
This makes for a compelling area of potential support. Should this area act as support, then an upside continuation through 131 the figure would be expected.
© 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
