- Analytics
- News and Tools
- Market News
- EUR/JPY Price Analysis: Next target on the upside remains at 146.70
EUR/JPY Price Analysis: Next target on the upside remains at 146.70
- EUR/JPY reverses Thursday’s pullback and pokes with 145.00.
- Further gains could challenge the 2023 high at 145.56.
EUR/JPY leaves behind Thursday’s marled retracement and briefly surpasses the 145.00 hurdle on Friday.
While further range bound trading seems likely for the time being, the cross is expected to accelerate its gains once the 2023 high at 145.56 (March 2) is cleared. Above this level comes the December 2022 top at 146.72 (December 15).
In the meantime, while above the 200-day SMA, today at 141.77, the outlook for the cross is expected to remain positive.
EUR/JPY daily chart
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
