EUR/JPY has climbed for six straight days but it’s running into resistance

Technical Analysis

EUR/JPY inches higher

The total gain is just over 200 pips but EUR/JPY has held a steady bid for the past six trading days and risen above 130.00 for the first time since October 22.

The gains have stalled for the moment at a confluence of the Oct 22 high and the 200-day moving average, which are both at 130.20. The high on the day is 130.13.


Products You May Like

Articles You May Like

Gold erases more than $15 this week, will the selloff extend?
Haven flows dominate as poor Eurozone economic data reignite global growth worries
BoJ: Updated projections should reveal a less optimstic outlook – TD Securities
📈 : Forex Trading Video For Beginners – Live FX Stream by Forex.Today
Modi On Track For Repeat Victory

Leave a Reply

Your email address will not be published. Required fields are marked *