EUR/JPY Price Analysis: Bulls and bears confront at a critical area on the charts EURJPY Technical Analysis
of the week testing in the 147.50s and 100 pips higher to the 148.50s. The following will illustrate the prospects of a move up to test daily support while the bullish trend on a mico basis remains intact:A break of the resistance will open prospects of a move to the counter-trendline.A break of support, however, creates a scenario whereby the bears could be encouraged in move below 148.00 with eyes then set on 147.50.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.
The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
EUR/JPY Price Analysis: Recovery now targets 149.30EUR/JPY gathers extra pace and reclaims the area just above 148.00 the figure at the beginning of the week. It seems the cross regains part of the bul
Read more »
EUR/JPY Price Analysis: Oscillates around the head-and-shoulders neckline awaits a breakThe EUR/JPY aims toward the head-and-shoulders neckline after the cross-currency pair cracked the 20-day Exponential Moving Average (EMA) at 147.66. H
Read more »
EUR/JPY Price Analysis: Initial resistance comes around 148.00The ongoing upside momentum in EUR/JPY struggles to surpass the 148.00 region with conviction on Tuesday. Once the 148.00 area is surpassed, the cross
Read more »
AUD/NZD Price Analysis: Bulls and bears in battle on backside of trendAUD/NZD is attempting to break the trendline resistance but might find resistance below 1.0750 and support might be calling in 1.0700 in the near term
Read more »
USD/JPY Price Analysis: Bulls and bears butt heads at a key support junctureUSD/JPY has been in the hands of the bulls. However, there is the possibility of a significant correction to the downside if support near 136.20 fails
Read more »
Natural Gas Price Analysis: XNG/USD bulls approach $2.48 resistance confluenceNatural Gas Price (XNG/USD) remains firmer around $2.42, up for the third consecutive day while flirting with the highest levels in two weeks during e
Read more »