- Analytics
- News and Tools
- Market News
- EUR/JPY Price Analysis: Still scope for further rebound
EUR/JPY Price Analysis: Still scope for further rebound
- EUR/JPY resumes the downside following Tuesday’s downtick.
- Next on the upside comes the 200-day SMA near 130.50.
EUR/JPY trades in the upper end of the weekly range further north of the key 129.00 hurdle midweek.
In light of the recent price action, further recovery in the cross could be in the pipeline in the short term. Against this, there is an interim hurdle at the 100-day SMA at 129.88, just ahead of 130.08 (high January 20). The surpass of the latter should put a move to the 200-day SMA, today at 130.45, back on the radar.
While below the 200-day SMA, the outlook for the cross is expected to remain negative.
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
