EUR/JPY Price Analysis: Climbs above the 20-DMA, as buyers eye the 50-DMA
17.08.2022, 18:19

EUR/JPY Price Analysis: Climbs above the 20-DMA, as buyers eye the 50-DMA

  • EUR/JPY rallies as buyers eye a break above the 100-day EMA at 138.10.
  • A risk-off impulse was no excuse for EUR buyers to propel the shared currency higher.
  • EUR/JPY buyers faltering to crack the 138.39 level would expose the pair to selling pressure.

The EUR/JPY climbs towards solid resistance around the 100-day EMA at 138.10 after clearing the 20-day EMA at 137.29, despite a risk-off impulse, which usually benefits safe-haven peers. Nevertheless, in the FX space, the only safe haven up in the day are the greenback and the Swiss franc. At the time of writing, the EUR/JPY is trading at 137.51, registering gains of 0.72%.

EUR/JPY Price Analysis: Technical outlook

The EUR/JPY daily chart portrays the pair as neutral-to-upward biased, further cemented by the Relative Strength Index (RSI) pushing above the 50-midline, signaling buyers are gaining impulse. However, unless they break above the August 10 daily high at 138.39, risks of sellers stepping in remain. If EUR/JPY reclaims the latter, the first resistance would be the 139.00 figure, followed by the50-day EMA at 139.36 and a downslope trendline drawn from the YTD highs around 144.00.

On the flip side, the EUR/JPY first support would be the August 16 high previous resistance-turned-support at 136.91. Once cleared, the next support will be the August 17 low at 136.26, followed by the August 16 daily low at 134.94.EUR/JPY Daily chart

EUR/JPY Key Technical Levels

 

© 2000-2024. Sva prava zaštićena.

Sajt je vlasništvo kompanije Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).

Svi podaci koji se nalaze na sajtu ne predstavljaju osnovu za donošenje investicionih odluka, već su informativnog karaktera.

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.

Politika sprečavanja pranja novca

Upozorenje o rizicima

Izvršenje trgovinskih operacija sa finansijskim instrumentima upotrebom marginalne trgovine pruža velike mogućnosti i omogućava investitorima ostvarivanje visokih prihoda. Međutim, takav vid trgovine povezan je sa potencijalno visokim nivoom rizika od gubitka sredstava. Проведение торговых операций на финанcовых рынках c маржинальными финанcовыми инcтрументами открывает широкие возможноcти, и позволяет инвеcторам, готовым пойти на риcк, получать выcокую прибыль, но при этом неcет в cебе потенциально выcокий уровень риcка получения убытков. Iz tog razloga je pre započinjanja trgovine potrebno odlučiti o izboru odgovarajuće investicione strategije, uzimajući u obzir raspoložive resurse.

Politika poverenja

Upotreba informacija: U slučaju potpunog ili delimičnog preuzimanja i daljeg korišćenja materijala koji se nalazi na sajtu, potrebno je navesti link odgovarajuće stranice na sajtu kompanije TeleTrade-a kao izvora informacija. Upotreba materijala na internetu mora biti praćena hiper linkom do web stranice teletrade.org. Automatski uvoz materijala i informacija sa stranice je zabranjen.

Ako imate bilo kakvih pitanja, obratite nam se pr@teletrade.global.

Банковни
транcфери
Feedback
Lajv čet E-mail
Povratak na vrh
Izaberi lokaciju / jezik