OctaFX | OctaFX Forex Broker
Open trading account
Back

EUR/JPY Price Analysis: Further consolidation remains on the cards

  • EUR/JPY keeps the recent range unchanged so far.
  • Extra downside not ruled out below the 200-day SMA.

EUR/JPY keeps the side-lined theme well in place for yet another session at the end of the week on the back of the recovery in both the European currency and its Japanese peer, all in response to some correction in the dollar.

In the meantime, the broad range theme is expected to persist in the near-term between 120.05 (200-day SMA) and the vicinity of 116.00 (2020 lows).

Further out, the likeliness of extra pullbacks should stay on the cards as well as the key 200-day SMA – today at 120.05 – caps the upside.

EUR/JPY daily chart

 

US: Four reasons to buy a negative yielding bond – Charles Schwab

There are four main reasons that an investor might choose to buy a negative yielding bond. Kathy Jones, a strategist at Charles Schwab, explains it. K
Read more Previous

GBP/USD faces support around 1.1400 – UOB

Cable remains under pressure and faces contention in the 1.1400 area ahead of the psychological 1.1000 mark, noted FX Strategists at UOB Group. Key Qu
Read more Next
Start livechat