EUR/JPY Price Analysis: Next on the upside comes the 2023 high

Noticias del mercado

31 julio 2023

EUR/JPY Price Analysis: Next on the upside comes the 2023 high

EUR/JPY adds to Friday’s sharp advance past 157.00.
Extra gains now target the 2023 peak just above 158.00.

EUR/JPY advances for the second session in a row and surpasses the key 157.00 barrier on Monday.

The continuation of the upside momentum should initially target the 2023 high at 158.04 (July 21). The surpass of this levels exposes a move to the round level of 160.00 in the not-so-distant future.

So far, the longer term positive outlook for the cross appears favoured while above the 200-day SMA, today at 146.49.

EUR/JPY daily chart

US: Economy looks healthy… and resilient – UOB

S&P 500 Index: Break above 4,650/4,680 to clear the way toward previous highs near 4,818 – SocGen

Enfoque del mercado

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Aviso de riesgo: El hecho de realizar operaciones comerciales en los mercados financieros con instrumentos financieros de margen abre grandes oportunidades y permite a los inversores que estén dispuestos a correr riesgos a obtener altos rendimientos, pero al mismo tiempo conlleva un nivel de riesgo de pérdidas potencialmente alto. Por lo tanto, antes de comenzar a operar, se debe tomar de manera responsable a la cuestión de elegir una estrategia de inversión correspondiente, teniendo en cuenta los recursos disponibles.

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