- Analytics
- News and Tools
- Market News
- EUR/JPY Price Analysis: Upside alleviated above 130.80
EUR/JPY Price Analysis: Upside alleviated above 130.80
- EUR/JPY extends the weekly recovery to the 129.60 region.
- Interim up barrier comes at the 100-day SMA (129.88).
EUR/JPY adds to Wednesday’s advance further north of the 129.00 hurdle on Thursday.
In light of the recent price action, further recovery in the cross could be in the pipeline. Against this, there is a temporary barrier at the 100-day SMA at 129.88 prior to the more relevant 200-day SMA, today at 130.44. Further up comes the 3-month resistance line near 130.80, above which the cross could see its downside pressure mitigated.
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
