Tag Archives: EUR/JPY
FX Daily Crosses
Today’s highlights: – EURGBP: A fresh lower low, as the downtrend persists lower towards the .8442/11 chart/38.2% Fibonacci retracement support cluster.
Daily FX Technical Strategy: At the expense of the EUR
Throughout the week while EUR/USD has traded sideways, EUR crosses have remained under pressure as investors prefer buying the likes of AUD, NZD, and GBP against the EUR.
Daily Market Technicals
EUR/USD: Weekly Studies Remain Bearish, Holds Above 200-DMA At $1.2880. The pair leaves an inside-day and remained above the 200-DMA,
EUR/JPY Technical Analysis
(122,10) The EUR/JPY confirmed a negative closing while remaining interior the range of the previous session forming therefore a new inside day with 124,65 – 121,90 the levels to follow in the coming hours.
FX Daily Crosses
Today’s highlights: – EURSEK: Market completes a bullish flag pattern off 8.3130 support after breaking above resistance at 8.3559.
Daily FX Technical Strategy: USD-supportive cycle
Although EUR/USD backed away from the edge yesterday, failing to close beneath a support area near 1.2875, we note that the greater bullish potential for the USD in general remains in place.
Technical Alert
Euro finding support and recovers some of the earlier losses, we see a clear risk of more of the same for the coming days. GBP rather balanced but still deeply oversold so a small bullish bias, long SEK and especially NOK to be unwinded.
Daily Market Technicals
EUR/USD: Bears Aim Below 200-DMA, Bulls Eye Feb Res Line & 21-DMA. The pair leaves a higher low and higher high after breaking below the 200-DMA, now at $1.2878 and key support.
EUR/JPY Technical Analysis
(123,97) The EUR/JPY confirmed a strong closing above the top of the previous session closing also completely the rest of the gap down formed on Monday.
FX Daily Crosses
Today’s highlights: – EURGBP: Focus remains to the downside for a test of the .8442/11 support cluster after breaking .8571/6 neckline support.
Daily FX Technical Strategy: A thorough test of the 200-day
Charts suggest short-term funding pressures are awakening once again. Euribor futures fell sharply within its range in place since last year.
EUR/JPY Technical Analysis
(122,97) The EUR/JPY confirmed a session of consolidation with a negative closing after it almost closed the gap down; still open 124,15 – 124,21!!