OctaFX | OctaFX Forex Broker
Open trading account
Back

EUR/JPY Price Analysis: Next target remains at the 200-day SMA

  • EUR/JPY keeps flirting with the 200-day SMA near 120.30.
  • Further north emerges the monthly peaks near 121.50.

EUR/JPY has managed to regain some upside traction on Thursday, although a breakout of the 200-day SMA near 120.30 still remains elusive.

A breakout of this area should mitigate the downside pressure somewhat and re-shift the focus to the monthly tops in the mid-121.00s.

The resumption of the selling bias should initially target weekly lows around 119.40.

EUR/JPY daily chart

 

Gold clings to gains near session tops, around $1650 region

Gold traded with a mild positive bias through the early European session and is currently placed near the top end of its daily trading range, around t
Read more Previous

Sweden Retail Sales (YoY) above expectations (1.8%) in January: Actual (2.7%)

Sweden Retail Sales (YoY) above expectations (1.8%) in January: Actual (2.7%)
Read more Next
Start livechat