- Analytics
- News and Tools
- Market News
- EUR/JPY Price Analysis: Upside remains capped by the 143.00 zone
EUR/JPY Price Analysis: Upside remains capped by the 143.00 zone
- EUR/JPY corrects sharply lower and breaks below 141.00.
- The 143.00 area (high December 28) remains a tough hurdle for bulls.
EUR/JPY markedly reverses four consecutive daily advances and slips back below the 141.00 mark after being rejected from the vicinity of 143.00 on Wednesday.
Despite the ongoing knee-jerk, further upside remains favoured in the near term. Against that, the immediate up barrier appears at the weekly high at 142.93 (December 28), which appears reinforced by the vicinity of the 100-day SMA, today at 143.09.
The outlook for EUR/JPY should remain positive while above the 200-day SMA at 140.65.
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
