- Analytics
- News and Tools
- Market News
- EUR/JPY Price Analysis: Further gains likely above 149.26
EUR/JPY Price Analysis: Further gains likely above 149.26
- EUR/JPY’s weekly recovery meets initial hurdle near 149.30.
- Extra upside seems on the cards once 149.30 is cleared.
EUR/JPY struggles to advance further north of the 149.25/30 band on Thursday.
Once the cross surpasses the weekly high at 149.26 (May 8, 18) with some conviction, it could then embark on a probable move to the key round level at 150.00 prior to the 2023 top at 151.61 (May 2).
So far, further upside looks favoured while the cross trades above the 200-day SMA, today at 143.23.
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
