- Analytics
- News and Tools
- Market News
- EUR/JPY Price Analysis: Next on the downside comes the 100-day SMA
EUR/JPY Price Analysis: Next on the downside comes the 100-day SMA
- EUR/JPY resumes the selling bias and breaks below 139.00.
- A deeper decline should face the 100-day SMA near 137.30.
EUR/JPY quickly fades Monday’s advance and regains downside momentum well below the 139.00 mark on Tuesday.
Further losses remain in store for the cross while below the 4-month resistance line near 141.70. Against that, the next temporary support comes at the 100-day SMA at 137.34 ahead of the July low at 136.85 (July 8).
In the longer run, the constructive stance in the cross remains well underpinned by the 200-day SMA at 133.59.
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
