EUR/JPY capped below 50-DMA, good to short rallies

FX:EURJPY   Euro / Japanese Yen
203 0 6
BOJ governor Kuroda’s hawkish comments increase demand for Yen in Asian session.

Kuroda played down necessity for more easing in the short-term, thus squashing hopes of any surprise next week.

EUR/JPY             capped below 50-DMA             resistance at 114.18, further gains can be seen only on break above.

Hourly charts show bearish 5-DMA crossover on 20-DMA             .

Pair is currently holding minor support by 1H 50-SMA at 113.72. Break below could see drag upto 113.55 ( trendline ).

Violation there could see next major support at 113.26 (session low Oct 26).

Major support levels - 113.72 (1H 50-SMA), 113.55 ( trendline ), 113.26 (session low Oct 26).

Major resistance levels - 113.92 (1H 20-SMA), 114, 114.18 ( 50-DMA             )

Good to sell rallies around 113.90/95, SL: 114.35, TP: 113.55/ 113.25

Bearish invalidation above 20-DMA             at 114.32. Upside could then see 115.75 (major trendline resistance).
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out