Menu

Search

  |   Technicals

Menu

  |   Technicals

Search

EUR/JPY Surges on Yen Weakness: Bullish Momentum Eyes 186-187 Targets

EURJPY  jumped sharply on board-based yen weakness. Intraday trend is bullish as long as support 184 holds. The pair posted an intraday high of 184.92 and is now hovering at roughly 184.75.
Technical Analysis:

The EUR/JPY pair is trading above 55 EMA,  200, and below  365-H EMA  on the 4-hour  chart.

  • Near-Term Resistance: Around 185, a breakout here could lead to targets at 186/187/188.69.
     
  • Immediate Support: At 184, if breached, the pair could fall to 183.60/183/182.70/182.

    
Indicator Analysis  (4-hour chart):

  • CCI (50): Bullish
     
  • Average Directional Movement Index: Bullish

Overall, the indicators suggest a Bullish trend 
Trading Recommendation:

It is good to buy on dips around 184 with a stop loss at 183 for a TP of 186/187.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  • Market Data
Close

Welcome to EconoTimes

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