- Analytics
- News and Tools
- Market News
- EUR/JPY to race higher toward the 149.78 high of 2015 – Credit Suisse
EUR/JPY to race higher toward the 149.78 high of 2015 – Credit Suisse
EUR/JPY has surged higher for its expected retest of the 144.15/26 high. Analysts at Credit Suisse look for an eventual sustained break above here towards the 149.78 high of 2015.
Initial support is seen at 142.45
“We maintain our core bullish outlook and continue to look for an eventual sustained break above the 144.15/26 high and Fibonacci projection resistance in due course, with resistance then seen next at the’“neckline’ to the small top from late 2014 at 144.96/145.00. Whilst we would look for a fresh pause here, we maintain our long-term objective at the 149.78 high of 2015.”
“Support is seen at 142.45 initially, with 141.88/82 ideally now holding to keep the immediate risk higher. A break can see a pullback to the 13-day exponential average and price pivot at 141.29/02, but with this ideally proving a solid floor.”
© 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
