EUR/JPY clears key resistance – Société Générale
Source Fxstreet
EUR/JPY extends gains after breaking out of a multi-month range, supported by bullish momentum and stable technical indicators, Société Générale's FX analysts note.
EUR/JPY builds on bullish momentum above 165 support
"EUR/JPY recently broke out from its multi-month range highlighting possibility of extension in up move. Daily MACD remains anchored within positive territory denoting prevalence of upward momentum."
"Recent pivot low and the upper limit of previous consolidation at 165/164.60 is a crucial support zone near term. Next objectives could be located at projections of 168.40 and 170/170.60."
Disclaimer: For information purposes only. Past performance is not indicative of future results.
Recommended Articles
Samsung forecasts Q3 profit of 12.1 trillion won, boosted by strong AI chip demand.
The U.S. dollar remained steady on Tuesday following a shift in President Donald Trump’s harsh stance on tariffs against China.
Asian equity markets struggled to close the week on a weak note Friday, influenced by ongoing losses on Wall Street that extended into early Asian trading.
Oil prices held steady in early Asian trading on Friday following the announcement of a ceasefire between Israel and Hamas.
Bitcoin drops below $110K ahead of $22B options expiry; altcoins tumbleBitcoin fell below the $110,000 mark on Friday, heading for a steep weekly loss as nearly $22 billion in cryptocurrency options were set to expire. The drop also comes as traders await key U.S. inflation data that could influence the Federal Reserve’s policy outlook.
Bitcoin fell below the $110,000 mark on Friday, heading for a steep weekly loss as nearly $22 billion in cryptocurrency options were set to expire. The drop also comes as traders await key U.S. inflation data that could influence the Federal Reserve’s policy outlook.
Related Instrument
