EUR/JPY Price Outlook: Stays near 177.50 by the nine-day EMA
The EUR/JPY pair has shown some appreciation after starting off with a bearish gap, trading around 177.50 during the Asian session on Monday. Technical indicators from the daily chart reveal that this currency pair is still within a descending channel, indicating a continuing bearish trend. Currently, EUR/JPY seems to have a capped movement as it […]
EUR/JPY Price Outlook: Stays under 177.00 as negative sentiment continues
EUR/JPY Outlook EUR/JPY is experiencing a decline for the second day in a row, trading near 176.90 during the Asian trading session on Tuesday. Looking at the daily chart indicates that this currency pair is still within a descending channel pattern, which points towards a bearish sentiment continuing. The near-term outlook for EUR/JPY is bearish […]
EUR/JPY Price Outlook: Drops below 178.00 after retreating from nine-day EMA
EUR/JPY Experiences Slight Decline After a modest rise the previous day, EUR/JPY is trading lower, hovering around 177.90 during the Asian trading session on Wednesday. A look at the daily chart indicates that this currency pair remains within a downward-sloping channel, which hints at a prevailing bearish sentiment. The near-term outlook for EUR/JPY stays bearish […]
EUR/JPY Price Outlook: Approaches nine-day EMA support around 180.00
The EUR/JPY pair has retraced some of its recent gains, currently trading near 180.10 during the Asian session on Friday. A closer look at the daily chart indicates that the currency pair remains within a downward channel, signaling a continued bearish sentiment. In the near term, the EUR/JPY maintains a bearish outlook as it trades […]
EUR/JPY Price Outlook: Stays above 185.50 near nine-day EMA
EUR/JPY Overview The EUR/JPY currency pair is holding steady after a slight increase the previous day, hovering around 185.80 during Friday’s Asian trading session. Analyzing the daily chart reveals that this currency cross continues to move within an upwardly sloping channel, which suggests a prevailing bullish sentiment. This positive outlook for EUR/JPY is indicated by […]
EUR/JPY Price Prediction: Momentum builds above 185.00, positive signals support upward trend
EUR/JPY Cross Gains Momentum During the early hours of Thursday’s European trading session, the EUR/JPY exchange rate rose to approximately 185.20. This movement came as the Japanese yen (JPY) weakened against the euro (EUR), largely due to disappointing gross domestic product (GDP) figures from Japan. Traders are now looking ahead to Japan’s National Consumer Price […]
EUR/JPY Price Prediction: Drops to around 183.50 near nine-day EMA
The EUR/JPY currency pair saw its decline extend for the third consecutive day, trading close to 183.60 during the Asian session on Thursday. The 14-day Relative Strength Index (RSI) registered at 47.11, indicating a phase of neutral to weak momentum rather than a strong directional trend. This currency pair is currently below the 50-day exponential […]
EUR/JPY Price Outlook: Sits around 187.00 after retreating from the upper range of the upward channel
The EUR/JPY rate has experienced a decline following two days of increases, currently hovering around 187.20 during Thursday’s Asian session. This currency pair is still positioned above both the 9-day and 50-day exponential moving averages (EMAs), which preserves a positive outlook in the short term. The short EMA over the long EMA further supports this […]
EUR/JPY Analysis 28/07: Euro Pauses at 186.50
Euro/Yen The euro gained against the Japanese yen on Monday, showing some initial strength, but the upward trend wavered later as concerns grew about risk appetite during US trading hours. Even with this slight dip, holding the euro here could yield a positive swap. Notably, the 186.50 yen level is acting as a crucial barrier […]
EUR/JPY continues to rise as talk of an ECB rate increase puts pressure on the Yen
The EUR/JPY pair saw an increase for the third consecutive day, and traders are hopeful for a positive finish as they look ahead to the weekend. Interestingly, the euro hasn’t fully capitalized on the European Central Bank’s (ECB) optimistic signals regarding interest rates for September, as reported by sources from Bloomberg. Euro rises as ECB’s […]