- Analiza
- Novosti i instrumenti
- Vesti sa tržišta
- EUR/JPY Price Analysis: Approaches the YTD high at around 144.00, on risk-off mood
EUR/JPY Price Analysis: Approaches the YTD high at around 144.00, on risk-off mood
- On Wednesday, the EUR/JPY gained more than 1.70% during the day.
- EUR/JPY price action shows the pair is overextended, opening the door for a mean reversion move.
The Japanese yen continues to weaken against most G8 currencies, and the common currency is no exception, with the EUR/JPY registering huge gains of more than 240 pips, closing to the YTD high at around 144.27. The EUR/JPY retreated and is trading at 143.99, some 40 pips shy of the 2022 highs, as the Asian session begins.
EUR/JPY Price Analysis: Technical outlook
The EUR/JPY daily chart suggests the pair is overextended after rallying close to 500 pips in two days, ahead of the European Central Bank (ECB) monetary policy. Oscillators, particularly the Relative Strength Index (RSI) at overbought conditions, suggest that the pair could retreat from current exchange rates before extending its gains if that’s the case.
Shifting to the 4-hour scale, the EUR/JPY is trading below June’s 29 daily high, and the Relative Strength Index (RSI) is in overbought territory, above its last peak, meaning that a reversal looms.
Therefore, If that scenario plays out, the EUR/JPY first support would be the daily pivot point at 143.05. The break below will expose the S1 daily pivot at 142.10, followed by the 20-EMA at 141.11.
On the flip side, a break above the YTD low at 144.27, the next resistance would be the psychological 145.00 figure.
EUR/JPY Key Technical Levels
© 2000-2025. 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.
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.
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
