EURJPY Turns From Record High Near 133.50, on Resurgence for Haven

Azeez Mustapha



Select a Plan


 1-month subscription



 3-month subscription



 6-month subscription



 lifetime subscription



 Separate Swing Trading Group



Get VIP forex signals, VIP crypto signals, swing signals, and forex course free for lifetime.

Just open an account with one our affiliate broker and make a minimum deposit: 250 USD.

Email [email protected] with a screenshot of funds on account to get access!

Sponsored by

Sponsored Sponsored


Service for copy trading. Our Algo automatically opens and closes trades.


The L2T Algo provides highly profitable signals with minimal risk.


24/7 cryptocurrency trading. While you sleep, we trade.


10 minute setup with substantial advantages. The manual is provided with the purchase.


79% Success rate. Our outcomes will excite you.


Up to 70 trades per month. There are more than 5 pairs available.


Monthly subscriptions begin at £58.

EURJPY Price Analysis – May 21

Following Wednesday’s record highs in the 133.50 regions, EURJPY continues to fall. Meanwhile, the risk complex is in a generally better mood, with investors expecting revived demand for the Japanese Safe-haven and falling US yields. A combination of factors, such as ECB fiscal policy, could reduce the upside potential against the JPY.

Key Levels
Resistance Levels: 134.50, 134.00, 133.50
Support Levels: 132.50, 132.00, 131.50
EURJPY Long term Trend: Ranging
On Friday, the EURJPY opened higher at 132.98 and traded to 132.70. The pair retreated and bears emerged as traders focused on levels below 133.00. To investigate the bearish scenario, a definitive fall below 132.50 must be identified. The pair can continue to fall, with bearish traders targeting the sub 132.00 level as a possible target.

Growth from 121.61 is seen as a mid-term phase of growth amid a long-term consolidation trend in a wider sense. As long as the 131.00 support level holds, further gains are anticipated. A strong breakout of 131.00, on the other hand, will confirm that the rebound from 121.61 has come to an end, bringing this low back into view.
EURJPY Short term Trend: Ranging
With the current retreat, the intraday bias in EURJPY has shifted slightly bearish at the upside channel. Meanwhile, below the 133.50 temporary peaks, some consolidations can be seen. However, as long as the 132.50 resistance-turned-support level remains intact, further range trading is anticipated.

On the upside, a break above 133.50 could relaunch the bullish trend from 121.61 to 131.00 to 132.50 from 129.56 at 133.43. The EURJPY has also risen above its 5 and 13 day moving averages, whereas the 4-hour RSI is hovering near its neutral axis. The pair could revert to the 132.50 level if the downward trend continues.

Note: Learn2.Trade is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results

  • Broker
  • Benefits
  • Min Deposit
  • Score
  • Visit Broker
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$250 Min Deposit
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
$200 Min Deposit
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
  • Fund Moneta Markets account with a minimum of $250
  • Opt in using the form to claim your 50% deposit bonus
$250 Min Deposit

Share with other traders!

Azeez Mustapha

Azeez Mustapha is a trading professional, currency analyst, signals strategist, and funds manager with over ten years of experience within the financial field. As a blogger and finance author, he helps investors understand complex financial concepts, improve their investing skills, and learn how to manage their money.

Leave a Reply

Your email address will not be published. Required fields are marked *