EURJPY Price Analysis – April 2 The EURJPY progresses higher during the early European session on Friday and surpasses the 130.00 psychological regions again. The Japanese yen stays offered amid yields of the US 10-year reference in the lower end of the range after some downside pressure earlier in the week. Key LevelsResistance Levels: 131.50, […]
EURJPY Price Analysis – March 26 EURJPY gains extra momentum and rebounds from the level at 128.38 during the European session on Friday. The pair will contend with an upside barrier of 129.50 level at the end of the week against the backdrop of the prevailing risk appetite trend in the global markets as the […]
EURJPY Price Analysis – March 5 The continuation of the selling sentiment in the Japanese yen lends extra legs to the EURJPY beyond 129.00 level at the weekend. In the meantime, the pair sustains its upside sentiments price towards the round number at 130.00. As equities and U.S. yields continue to show a strong united […]
EURJPY Price Analysis – February 26 EURJPY remains beneath recent high and approaches the mid 128.00 level. The pair traded at daily highs around 129.52 before grinding lower to 128.64 level. The Japanese Yen is strong against a basket of currencies after the release of the latest inflation data from the BoJ. Key LevelsResistance Levels: […]
Key level of support: 127.30 Higher Time Frame Readings The EUR/JPY has been in a heavy bullish run since it bottomed around and now its retesting the previous broken level. Short Term Entry The EJ has pulled back from the highs to retest the previous key level which confluences with the previous 3 weeks’ highs. […]
EURJPY Price Analysis – February 12 The EURJPY pair increases after crossing beyond the 127.00 level during Friday’s European session. It adds to the recent upside move after reclaiming the round figure. Following the price action caused by persistent weakness surrounding the Yen, EURJPY appears to sustain buying interest. Key LevelsResistance Levels: 130.18, 128.67, 127.50Support […]
The EURJPY is trading in a bullish structure and has now pulled back to a previous key level which confluences with the 50% retracement of the entire bullish move. Hidden bullish divergence detected. Should price break with the short term structure and the highs of the no-trade-zone (126.10-126.40 range) a bullish continuation is in play […]
