| Technicals

Become a contributor

Bookmark Econotimes

| Technicals

EUR/JPY Holds Bullish Bias Post-ECB Pause: Buy Dips Toward 185 as 182 Support Stands Firm

CADJPY Pulls Back on Weak Canadian Retail Data: Dips to 113 Prime Buying Opportunity Targeting 116

FxWirePro: EUR/AUD runs out of steam but maintains bullish outlook

FxWirePro- Major Pair levels and bias summary

EURJPY Surges Post-BOJ Hike: Bullish Momentum Builds – Buy Dips Targeting 185

FxWirePro: GBP/NZD retreats slightly but trend is still bullish

FxWirePro- Major European Indices

FxWirePro: GBP/USD dips lower on negative UK retail sales data

FxWirePro- Major Crypto levels and bias summary

Aussie-Yen Holds Firm Post-BOJ Rate Boost: Intraday Bullish Momentum Intact

GBP/JPY Surges Post-BoE Cut: Bullish Momentum Eyes 210 as Support Holds at 207.80

BTCUSD Dips Post-BOJ Hike: No Swift Tightening Boosts Risk – Buy Around $87K Targeting $100K

NZDJPY: Sell the Rallies as Bears Guard 90–91 Resistance Zone

NZDJPY Whipsaws After BoJ Hike: Buy-the-Dip Setup Above 89 With Eyes on 92

FxWirePro: USD/ZAR edges higher but bearish outlook persists

FxWirePro: USD/JPY firms as Japanese Yen weakens after BoJ rate hike

FxWirePro: AUD/USD bulls struggle to hold on US CPI induced gains

©Econometrics LLC . All Rights Reserved.

FxWirePro: EUR/JPY holds major trendline support at 119.50, bias lower, stay short

Wednesday, February 8, 2017 1:54 AM UTC

EUR/JPY has edged higher from major trendline support at 119.50 with a spinning top formation at lows.

Technical studies still support downside in the pair, 100-DMA at 118.62 in sight.

The Japanese yen has been picking up a bid on the geopolitical uncertainties.

The euro to remain weak in light of weak German December IP data and dovish comments from Draghi overnight.

Call update: We had advised a short in our previous call (http://www.econotimes.com/FxWirePro-EUR-JPY-on-track-to-test-100-DMA-at-11855-good-to-short-rallies-525880)

We recommend holding for downside. Bearish invalidation only on close above 5-DMA at 120.55.

FxWirePro Currency Strength Index: FxWirePro's Hourly EUR Spot Index was at -73.5899 (Bearish), while Hourly JPY Spot Index was at 70.535 (Bullish) at 0150 GMT. For more details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex.

Editor's Picks

Breathing through your nose when you exercise may make your runs easier

Entrepreneurs are facing a mental health crisis — here's how to help them

Are fish oil supplements as healthy as we think? And is eating fish better?

Will AI kill our creativity? It could – if we don’t start to value and protect the traits that make us human

Does AI have a right to free speech? Only if it supports our right to free thought

How can I lower my cholesterol? Do supplements work? How about psyllium or probiotics?

Why we need to set limits on sperm donation

Aging with a healthy brain: How lifestyle changes could help prevent up to 40% of dementia cases

Seven techniques to avoid weight regain, approved by experts

Market Data

Oracle Stock Surges After Hours on TikTok Deal Optimism and OpenAI Fundraising Buzz

BOJ Poised for Historic Rate Hike as Japan Signals Shift Toward Monetary Normalization

Trump Administration Reviews Nvidia H200 Chip Sales to China, Marking Major Shift in U.S. AI Export Policy

Oil Prices Steady in Asia but Headed for Weekly Loss on Supply Glut Concerns

TikTok U.S. Deal Advances as ByteDance Signs Binding Joint Venture Agreement

New Zealand Business Confidence Hits 30-Year High as Economic Outlook Improves

Japan Inflation Holds Firm in November as BOJ Nears Key Rate Hike Decision

Trump Administration Proposes Sweeping Limits on Gender-Affirming Care for Children

Trump Signs Order to Ease Federal Marijuana Rules, Signaling Major Policy Shift

EconoTimes

Disclaimer: EconoTimes provides references and links to selected blogs and other sources of economic and market information as an educational service to its clients and prospects and does not endorse the opinions or recommendations of the blogs or other sources of information. Clients and prospects are advised to carefully consider the opinions and analysis offered in the blogs or other information sources in the context of the client or prospect's individual analysis and decision making. None of the blogs or other sources of information is to be considered as constituting a track record. Past performance is no guarantee of future results and EconoTimes specifically advises clients and prospects to carefully review all claims and representations made by advisors, bloggers, money managers and system vendors before investing any funds or opening an account with any Brokerage. Any news, opinions, research, data, or other information contained within this website is provided as general market commentary and does not constitute investment or trading advice. EconoTimes expressly disclaims any liability for any lost principal or profits without limitation which may arise directly or indirectly from the use of or reliance on such information. As with all such advisory services, past results are never a guarantee of future results.

FxWirePro: EUR/JPY holds major trendline support at 119.50, bias lower, stay short

Editor's Picks

Welcome to EconoTimes