• EUR/JPY Price Analysis: Renewed downside could test 2023 lows

Notícias do Mercado

24 março 2023

EUR/JPY Price Analysis: Renewed downside could test 2023 lows

  • EUR/JPY drops sharply and challenges 139.00 on Friday.
  • A move to the YTD low near 137.40 appears on the cards.

EUR/JPY adds to Thursday’s losses and drops markedly well below the key 200-day SMA (141.79) at the end of the week.

In case the selling pressure gathers extra steam, the cross could extedn the decline to the 2023 low at 137.38 (January 3).

In the meantime, extra losses remain in store while the cross trades below the 200-day SMA.

EUR/JPY daily chart

 

Currencies. Daily history for Friday, March 24, 2023
Commodities. Daily history for Thursday, March 23, 2023
O foco de mercado
Material posted here is solely for information purposes and reliance on this may lead to losses. Past performances are not a reliable indicator of future results. Please read our full disclaimer
Abrir Conta Demo e Página Pessoal
Compreendo e aceito a Política de Privacidade e concordo que os meus dados sejam processados pela TeleTrade e usados para os seguintes efeitos:
Área pessoal
Área pessoal
support@teletradepartners.com

Risk Warning: Trading in the financial markets (including trading on margin) provides a wide range of opportunities and enables investors ready to take risks to make high profits, but it carries a potentially high level of risk of loss. Therefore, prior to trading you should take into careful consideration whether such operations are suitable for you in terms of your level of knowledge and financial situation.

Política de privacidade

© 2000-2023. Todos os direitos são reservados.