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 […]
EUR/JPY Price Prediction: Approaches the upper limit of the ascending triangle above 186.00
EUR/JPY Analysis On Wednesday, during Asian trading hours, EUR/JPY saw an increase for the second consecutive day, hovering around 186.20. The currency pair remains above both the 9-period and 50-period exponential moving averages (EMAs), which suggests a short-term bullish trend. Looking at the 14-day relative strength index (RSI) currently at 57.48, it indicates positive momentum […]
EUR/JPY Price Outlook: Continues to stay below the top of the ascending triangle around 186.00
The EUR/JPY currency pair has seen an escalation in its decline for the second consecutive day, trading at approximately 185.70 during Asian trading hours on Friday. It’s still hovering above both the 9-period and 50-period exponential moving averages (EMAs), which suggests a positive outlook in the near term. The 14-day Relative Strength Index (RSI) sits […]
EUR/JPY Price Outlook: Approaching the upper edge of the rising triangle around 186.00
EUR/JPY Currency Update After a three-day upswing, the EUR/JPY has dipped, hovering around 185.90 during Thursday’s Asian trading session. Despite this recent decline, it still sits comfortably above both the 9-period and 50-period exponential moving averages (EMAs), which maintains a somewhat positive outlook. The 14-day Relative Strength Index (RSI) is near 56, indicating that while […]