EUR/JPY Price Analysis: Extra gains target the 143.00 zone
- EUR/JPY extends the weekly recovery past the 141.00 barrier.
- The continuation of the rebound should target the 143.00 region.
EUR/JPY reverses Thursday’s pullback and regains the 141.00 mark and beyond at the end of the week.
In light of the ongoing price action, further upside could not be ruled out in the ear term. That said, the immediate target emerges at the weekly high at 142.93 (December 28), which appears underpinned by the vicinity of the 100-day SMA.
The outlook for EUR/JPY is expected to shift to constructive while above the 200-day SMA, today at 140.52.
EUR/JPY daily chart
Reprinted from FXStreet_id,the copyright all reserved by the original author.
Disclaimer: The content above represents only the views of the author or guest. It does not represent any views or positions of FOLLOWME and does not mean that FOLLOWME agrees with its statement or description, nor does it constitute any investment advice. For all actions taken by visitors based on information provided by the FOLLOWME community, the community does not assume any form of liability unless otherwise expressly promised in writing.
FOLLOWME Trading Community Website: https://www.followme.com
Hot
No comment on record. Start new comment.