OctaFX | OctaFX Forex Broker
Open trading account

EUR/JPY Technical Analysis: Rising bets for a visit to 120.80

  • The cross is extending the leg lower on the back of the pick up in the demand for the safe haven JPY and is now putting the 121.00 handle to the test.
  • EUR/JPY continues to grind lower and is expected to re-test June low in the 120.80 region ahead of YTD lows in the sub-119.00 region recorded back in January.
  • In the broader picture, while below the immediate resistance line, today at 122.45, the outlook on the cross is seen negative.

EUR/JPY daily chart


Australia: Business conditions eased - TDS

Analysts at TD Securities suggest that while Australian Business Confidence jumped from 0 to 6 in NAB's Q2 Business survey, possibly reflecting the e
Read more Previous

US Dollar Index Technical Analysis: Pullbacks seen faltering near the 200-day SMA at 96.80

Dollar Index Spot Overview Today last price 97.08 Today Daily Change 16 Today Daily Change % -0.13 Today daily open 97.21 Trends Daily SMA20 96.77 Da
Read more Next
Start livechat