EUR/JPY Fundamental Analysis April 25, 2017
April 25, 2017 12:47 pmVideo
Latest News
- GBP/USD: trading plan for the US session on April 22nd (analysis of morning deals). The pound continues to fall April 22, 2024
- EUR/USD: trading plan for the US session on April 22nd (analysis of morning deals). The euro will continue trading within April 22, 2024
- EUR/USD. April 22nd. Christine Lagarde’s speech will set the tone for the week April 22, 2024
- Technical Analysis – EURGBP brings bullish scenario back to the table April 22, 2024
- GBP/USD. April 22nd. The bulls continue to retreat April 22, 2024
- Can Australian CPI data lift the struggling aussie? – Preview April 22, 2024
- Meta reports Q1 earnings after new AI model – Stock markets April 22, 2024
- Weekly forecast based on simplified wave analysis for GBP/USD, AUD/USD, USD/CHF, EUR/JPY, AUD/JPY, and US dollar index on April 22, 2024
- Technical Analysis – GBPUSD tumbles to 5-month low April 22, 2024
- Weekly forecast based on simplified wave analysis for EUR/USD, USD/JPY, GBP/JPY, USD/CAD, NZD/USD, and Gold on April 22nd April 22, 2024
- Video market update for April 22, 2024 April 22, 2024
- Weekly Technical Outlook: 22/04/2024 – Dollar index, USDJPY, EURUSD April 22, 2024
- Market Comment – Risk appetite returns as geopolitical fears calm April 22, 2024
- Weekly Technical Outlook – Dollar index, USDJPY, EURUSD April 22, 2024
- Forex forecast 04/22/2024: EUR/USD, GBP/USD, USD/JPY and Bitcoin from Sebastian Seliga April 22, 2024
- USD/JPY: trading tips for beginners for European session on April 22 April 22, 2024
- Technical Analysis – EURUSD consolidates after decline pauses April 22, 2024
- GBP/USD: trading tips for beginners for European session on April 22 April 22, 2024
- EUR/USD: trading tips for beginners for European session on April 22 April 22, 2024
- Hot forecast for EUR//USD on April 22, 2024 April 22, 2024
After the French Election Round 1 in the weekend, EUR/JPY started the week with a GAP of 390 pips. Though the price showed some bearish movement yesterday falling back to 119.25, today the bulls are trying to take over again. Today, despite having the Italian Bank Holiday due to the observance of the liberation day, EUR is stronger than JPY. On EUR side, Belgian NBB Business Climate report is going to be published later today which is expected to be at -1.4 which previously was at -1.6. If the news comes positive today, EUR is likely to gain more strength in the coming days. On the other side, Japan’s SPPI report was published today which was better than expected at 0.8% instead of 0.7%. Nevertheless, JPY could not gain ground against the EUR pressure today. Overall, EUR is expected to climb much higher against JPY in the short term.
Now let us consider he technical view. The price is currently residing in the mid-range of 118.20 to 121.10. If the price breaks above 121.10 with a daily close, then we will be planning buy positions with an upward target of 123.50 resistance level. Otherwise, if the price breaks below 118.20 with a daily close, then we will consider sell positions with a downward target towards 116.20 support level. Currently it would be better to be on the sidelines for this pair until the range is broken with a daily close on either side.
The material has been provided by InstaForex Company – www.instaforex.com
Source: Instaforex.com
Related Posts: