EUR/JPY

The common European currency has declined by 116 pips or 0.98% against the Japanese Yen since yesterday's trading session. The currency pair reversed from the upper boundary of an ascending channel pattern at 118.50 on Thursday.

All things being equal, the EUR/JPY exchange rate could continue to edge lower. Bearish traders could pressure the price towards the 200– hour simple moving average at 116.78 today.

A potential upside reversal could occur from the 200– hour SMA during the following trading session.

EURJPY

 

fxsoriginal

This overview can be used only for informational purposes. Dukascopy SA is not responsible for any losses arising from any investment based on any recommendation, forecast or other information herein contained.

Analysis feed

FXStreet Trading Signals now available!

Access to real-time signals, community and guidance now!


Latest Forex Analysis

Editors’ Picks

AUD/USD: Upside momentum again fizzles around 11-week top, still above 0.6600

Having marked yet another failure to stay strong beyond 0.6650, AUD/USD remains depressed around 0.6640/35 at the start of Friday’s Asian session.Risk-tone remains positive as equities cheer hopes of further stimulus, economic restart.

AUD/USD News

USD/JPY drops twoard 107.50 on fresh USD selloff

The USD/JPY pair moved sideways around 107.80 for the majority of the day but lost its traction during the American session. As of writing, the pair was down 0.1% on the day at 107.58.

USD/JPY News

Goldman Sachs puts Bitcoin on par with Gold

One of the world's largest investment banks, Goldman Sachs, announced a conference for its clients entitled “Implications of Current Inflation, Gold and Bitcoin Policies”

Read more

Gold: Limited gains below the $1730/oz level for XAU/USD

After bouncing from the 1690/1700 price zone XAU/USD is stalling below the 1730 resistance and the 50 SMA on the four chart. The picture is mixed as it seems the metal is challenging a tough resistance near the 1730 level.

Gold News

WTI oil prices rally on gasoline demand and hopes of output cuts’ extension

WTI crude oil prices have appreciated more than 5% on Thursday to reach $34 and approach two-month highs. Investors' optimism about an increase of gasoline demand and speculation of an OPEC+ deal to extend output cuts are driving crude prices higher.

Oil News

Forex Majors

Cryptocurrencies

Signatures