- Analytics
- News and Tools
- Market News
- EUR/JPY Price Analysis: Scope for further range bound trade
EUR/JPY Price Analysis: Scope for further range bound trade
- EUR/JPY leaves behind Tuesday’s small downtick and retakes 143.00.
- The breakout of the consolidation theme faces resistance near 145.60.
EUR/JPY advances markedly and regain the area beyond the 143.00 hurdle to print new multi-session peaks on Wednesday.
The cross so far surpasses the key 200-day SMA near 141.80, and a sustainable surpass of this region should open the door to further upside in the short-term horizon. Moving forward, the consolidation theme is expected to remain unchanged, while a more serious bounce should target the monthly highs around 145.50.
In the meantime, extra losses remain on the table while the cross trades below the 200-day SMA.
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
