- Analytics
- News and Tools
- Market News
- EUR/JPY Price Analysis: Further losses on the cards
EUR/JPY Price Analysis: Further losses on the cards
- EUR/JPY keeps the weekly bearish note well in place.
- The next support of note emerges at the 154.00 region.
EUR/JPY adds to the ongoing weekly decline and revisits the 155.50 zone at the end of the week.
The cross accelerates its losses and leaves behind the overbought territory, revisiting at the same time the mid-155.00s on Friday. Against this backdrop, the continuation of the retracement appears in store in the short term, with the next contention emerging at the weekly low of 154.04 (June 20).
So far, further upside looks favoured while the cross trades above the 200-day SMA, today at 145.57.
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
