OctaFX | OctaFX Forex Broker
Open trading account

EUR/JPY Price Analysis: Stays close to 2020 highs near 122.80

  • The bull run in EUR/JPY has gained renewed upside pressure.
  • The rally now targets the 123.00 level and above.

EUR/JPY keeps pushing higher amidst the generalized better tone in the risk complex, managing well to keep business above the 122.00 mark so far this week.

The cross is resuming the upside after Tuesday’s new yearly highs in the 122.75/80 band. Immediately above emerges the 123.30 region, where sits July 2019 highs.

While above the 200-day SMA, today at 120.96, the outlook on the cross is expected to remain positive.

EUR/JPY daily chart


Canada: Focus on existing home sales – TDS

In view of analysts at TD Securities, Canada’s existing home sales for December will provide the lone data release for Wednesday. Key Quotes “Prelimin
Read more Previous

GBP/USD: ready to tackle the 1.2900 area? – UOB

Cable remains under pressure and could attempt a move to the 1.2900 level in the short-term, noted FX Strategists at UOB Group. Key Quotes 24-hour vie
Read more Next
Start livechat