- Analytics
- News and Tools
- Market News
- EUR/JPY Price Analysis: Near-term outlook remains positive
EUR/JPY Price Analysis: Near-term outlook remains positive
- EUR/JPY resumes the weekly leg higher above the 14400 mark.
- Immediately to the upside comes the 2023 high near 145.50.
EUR/JPY regains composure and advances past the 144.00 yardstick following Tuesday’s daily retracement.
The continuation of the current upside momentum faces the next hurdle at the 2023 high at 145.47 (February 28). Once this level is cleared, the par could then confront the December 2022 top at 146.72 (December 15) ahead of the 2022 high at 148.40 (October 21 2022).
In the meantime, while above the 200-day SMA, today at 141.54, the outlook for the cross is expected to remain positive.
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
