- Analytics
- News and Tools
- Market News
- EUR/JPY Price Analysis: Further up comes the 2022 high
EUR/JPY Price Analysis: Further up comes the 2022 high
- EUR/JPY meets daily resistance around 137.00 on Thursday.
- Further north of 137.00 emerges the YTD high at 137.54.
EUR/JPY gives away part of Wednesday’s strong advance after faltering around the 137.00 neighbourhood on Thursday.
In the meantime, further upside appears on the cards with the immediate target at the weekly high at 137.12 (April 11). Once cleared, the cross should embark on a probable visit to the 2022 high at 137.54 (March 28).
In the meantime, while above the 200-day SMA at 130.28, the outlook for the cross is expected to remain constructive.
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
