OctaFX | OctaFX Forex Broker
Open trading account

EUR/JPY targets the 200-week moving average at 124.80 – Commerzbank

EUR/JPY is trading around the 1.24 level and though Karen Jones, Team Head FICC Technical Analysis Research at Commerzbank, sees the pair marching higher toward the 200-week ma at 124.80 she cannot rule out a pullback to the 122.18 mark.

Key quotes

“EUR/JPY is consolidating above the 122.88 January high and attention remains on the June high at 124.43 and the 200-week ma at 124.80.” 

“The pair is in a very tight range but we remain unable to rule out a pullback towards the three-month uptrend at 122.18 prior to recovery. This guards the current July low at 120.28.” 

“The 200-week ma at 124.80 guards the 2014-2020 resistance line at 127.90.”


AUD/USD off 17-month tops, still above 0.7200 ahead of US data

The overnight recovery in AUD/USD regained traction above 0.7200, as the bulls challenged 17-month highs near 0.7230 amid unabated US dollar selling s
Read more Previous

Okinawa to declare state of emergency over coronavirus – FNN

Fuji News Network (FNN), a Japanese media agency, reports on Friday, the island/prefecture of Okinawa is considering announcing a state of emergency o
Read more Next
Start livechat