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
In a recent CryptoQuant Quicktake post, contributor Crazzyblockk highlighted key Bitcoin (BTC) cost basis zones that the leading cryptocurrency must clear – or avoid breaking below – to
Cardano price started a fresh increase above the $0.7250 zone. ADA is now consolidating and facing hurdles near the $0.760 zone. ADA price started a decent increase above $0.7250 and $0.7320. The
Avalanche (AVAX) is gaining bullish momentum, extending gains on Friday, trading at $25.74 as investor confidence grows on the back of two major developments.
Ethereum pushed above the $2,820 mark yesterday, strengthening the bullish case for a breakout after weeks of consolidation. The move has created renewed optimism among traders who expect ETH to
Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP) are showing signs of stabilization around key support levels after a recent correction last week.
Related Instrument
