- Analytics
- News and Tools
- Market News
- EUR/JPY Price Analysis: Further decline in the pipeline
EUR/JPY Price Analysis: Further decline in the pipeline
- EUR/JPY extends losses for the third session in a row.
- The continuation of the leg lower could revisit the 146.30 region.
EUR/JPY’s selling pressure gathers further pace and forces the cross to break below the 149.00 support.
The underlying bullish outlook appears somewhat dented for the time being. Against that backdrop, the ongoing correction carries the potential to extend to the weekly low at 146.30 (April 25), where bears could struggle to push harder.
So far, further upside looks favoured while the cross trades above the 200-day SMA, today at 142.66.
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
