- Analytics
- News and Tools
- Market News
- EUR/JPY Price Analysis: Next on the upside comes 164.30
EUR/JPY Price Analysis: Next on the upside comes 164.30
- EUR/JPY gives away part of the recent three-day advance.
- Further up comes the 2023 peaks around 164.30.
EUR/JPY surrenders part of the recent bullish move and retests the key support around 163.00.
In case bulls regain the upper hand, the cross could attempt another visit to the YTD tops around 164.30 (November 16) in the short-term horizon.
Against that, the surpass of the yearly high is expected to face the next significant resistance level not before the 2008 top of 169.96 (July 23).
So far, the longer term positive outlook for the cross appears favoured while above the 200-day SMA, today at 153.28.
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
