EUR/JPY has cleared the 200-week ma at 124.86 and is now trading around 125.20 after hitting a high near 125.60 early on Thursday. The pair is heading to test the 127.75 and will retain an upside bias while above the three-month uptrend at 122.69, Karen Jones, Team Head FICC Technical Analysis Research at Commerzbank, reports.
Key quotes
“EUR/JPY has eroded the 200-week ma at 124.86 and the market is on course to challenge the 2014-2020 resistance line at 127.75. Above here we have the 200-month ma at 130.57.”
“An upside bias is maintained above the three-month uptrend at 122.69. This guards the current July low at 120.28.”
Reprinted from fxstreet.com, the copyright all reserved by the original author.
Peringatan: Pendapat yang disampaikan sepenuhnya merupakan milik penulis dan tidak mencerminkan posisi resmi Followme. Followme tidak bertanggung jawab atas keakuratan, kelengkapan, atau keandalan informasi yang disediakan, serta tidak bertanggung jawab atas tindakan apa pun yang diambil berdasarkan konten ini, kecuali dinyatakan secara tertulis.
Tinggalkan pesan Anda sekarang