EUR/GBP Price Outlook: Euro retreats from the peak of a triangle pattern

Euro exchanges carefully with British Pound before EU-UK flash PMI report

The Euro (EUR) is experiencing some modest declines against the British Pound (GBP) on Wednesday. Following a brief recovery over the last two days, the currency has once again hit a significant resistance zone between 0.8580 and 0.8585, which is aligned with the peak of an upward triangle pattern. On this particular Wednesday, both the […]

EUR/JPY Price Prediction: Approaches the upper limit of the ascending triangle above 186.00

Indonesian Rupiah strengthens as US Dollar loses some recent gains amid risk-averse sentiment.

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: Approaching the upper edge of the rising triangle around 186.00

EUR/USD remains down after robust US data and the US-India agreement

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 […]

EUR/JPY Price Outlook: Stays close to the symmetrical triangle peak near 185.50

Indonesian Rupiah gains backing before BI policy decision

EUR/JPY Movement and Technical Analysis The EUR/JPY pair experienced a rise for the third consecutive day, trading around 185.40 during Asian hours on Wednesday. This currency cross is currently positioned above both the 9-period and 50-period exponential moving averages (EMAs), supporting a slightly bullish sentiment. The 14-day Relative Strength Index (RSI), hovering around 53, indicates […]

EUR/JPY Price Outlook: Approaches symmetrical triangle resistance above 185.50

EUR/USD holds steady over 1.1800 before Eurozone CPI and US data

The EUR/JPY exchange rate stayed steady after showing slight gains the day before, hovering around 185.60 during Thursday’s Asian trading session. It seems to maintain a generally positive trend since it’s trading above the moving average. Additionally, the 9-day exponential moving average (EMA) is above the 50-day EMA, which might indicate that bullish momentum is […]

EUR/JPY Price Outlook: Sits around 184.00 after bouncing back from a symmetrical triangle

EUR/JPY Price Outlook: Sits around 184.00 after bouncing back from a symmetrical triangle

EUR/JPY Market Update During Asian trading on Thursday, EUR/JPY managed to recover some of its earlier losses, hovering around 183.80. However, it still remains in the red. The pair is currently experiencing a correction that falls below both short-term and medium-term trend indicators, with the 9-day exponential moving average (EMA) at 184.47 and the 50-day […]