Menu

Search

  |   Technicals

Menu

  |   Technicals

Search

FxWirePro: EUR/JPY hovers around 125 handle, break above 50-DMA (125.51) to propel the pair higher

EUR/JPY chart on Trading View used for analysis

  • EUR/JPY is trading 0.30% higher on the day at 125.08 at 0950 GMT.
     
  • The pair has bounced off daily cloud with a 'hammer' formation raising scope for further upside.
     
  • Technical indicators are neutral at the moment. 
     
  • We see stiff resistance at 50-DMA at 125.51. Break above will propel the pair higher.
     
  • Scope then for test of 110-EMA at 126.91 ahead of 50% Fib at 128.16.
     
  • Break below cloud will see weakness till 23.6% Fib at 123.23.

Support levels - 124.48 (cloud top), 123.23 (23.6% Fib)

Resistance levels - 125.51 (50-DMA), 125.73 (55-EMA), 126.91 (110-EMA)

For details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex
 

  • ET PRO
  • Market Data

Market-moving news and views, 24 hours a day >

March 22 19:00 UTC Released

USFCOJ Stock

Actual

0.634 Pounds B

Forecast

Previous

0.605 Pounds B

March 22 19:00 UTC Released

USBeef Stocks

Actual

479.282 Pounds M

Forecast

Previous

510.065 Pounds M

January 31 00:00 UTC 599921599921m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 599921599921m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 22 19:00 UTC 611741611741m

ARTrade Balance

Actual

Forecast

Previous

-1541 %

January 31 00:00 UTC 599921599921m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 22 19:00 UTC 611741611741m

ARTrade Balance

Actual

Forecast

Previous

-1541 %

January 31 00:00 UTC 599921599921m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 599921599921m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 599921599921m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

Close

Welcome to EconoTimes

Sign up for daily updates for the most important
stories unfolding in the global economy.