OctaFX | OctaFX Forex Broker
Open trading account
Back

EUR/JPY Price Analysis: Looks firmer and approaches 123.00

  • The bull run in EUR/JPY remains well and sound so far.
  • 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 extend the upside momentum and trade at shouting distance from the 123.00 neighbourhood.

Immediately above emerges the 123.30 region, where sits July 2019 highs. Further up, there are no relevant hurdles until April’s top in the 126.80 zone.

While above the 200-day SMA just below the 121.00 mark, the outlook on the cross is expected to remain bullish.

EUR/JPY daily chart

 

Chinese experts: Text of the US-China phase one trade deal is balanced and fair – Global Times

The highly-influential Chinese daily, Global Times, cites some Chinese experts, saying that text of the US-China phase one trade deal is balanced and
Read more Previous

US Dollar Index Price Analysis: Downside could extend further

The index keeps correcting lower following another rejection of 2020 highs in the 97.60 zone, where also converges the 55-day SMA. DXY is flirting wit
Read more Next
Start livechat