EUR/JPY Rebound Facing Uphill Task

Key Highlights The Euro tested the 122.00 support area and corrected higher against the Japanese Yen. EUR/JPY traded above a key bearish trend line with resistance near 122.75 on the 4-hours chart.The Euro Area Consumer Confidence in May 2019 (Prelim) increased from -7.3 to -6.5.ECB’s President Draghi speech today could impact EUR/USD and EUR/JPY. EURJPY Technical Anal...
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EUR/JPY Testing Crucial Support Near 126.30

Key Highlights The Euro climbed towards 127.50 before starting a downside correction against the Japanese Yen. A key bullish trend line is in place with support at 126.30 on the 4-hours chart of EUR/JPY. The Euro Area Retail Sales increased 1.3% (MoM) in Jan 2019, better than the +1.2% forecast. The US ADP Employment figure for Feb 2019 will be released today, whi...
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EUR/JPY Approaching Next Crucial Break

Key Highlights The Euro found support near 127.50 and recovered recently against the Japanese Yen. There is a major breakout pattern formed with resistance at 128.85 on the 4-hours chart of EUR/JPY. The US Housing Starts Change came in at +1.5% in Oct 2018, better than the +0.5% forecast. Today, the US Durable Goods Orders for Oct 2018 will be released, which is f...
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EUR/JPY Remains In Downtrend Below 129.00

Key Highlights The Euro declined recently and tested the 126.50 area against the Japanese Yen. There are two important bearish trend lines in place with resistance at 128.70 on the 4-hours chart of EUR/JPY. The Euro Zone GDP in Q3 2018 (Preliminary) increased 0.2% (QoQ), less than the +0.4% forecast. Today, the Euro Zone CPI for Oct 2018 (Preliminary) will be rele...
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EUR/JPY Could Extend Slides Below 129.50

Key Highlights The Euro declined recently and broke the 130.80 support against the Japanese Yen. There is a major bearish trend line in place with resistance at 130.60 on the 4-hours chart of EUR/JPY. Recently in Japan, the Machinery New Orders posted a growth of 6.8% in August 2018 (MoM). Today, the US Consumer Price Index for Sep 2018 will be released, which is ...
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EUR/JPY Remains Under Pressure Below 132.00

Key Highlights The Euro started a downside move after forming a short-term top at 133.10 against the Japanese Yen. There was a break below a key bullish trend line with support at 132.40 on the 4-hours chart of EUR/JPY. The US ADP Employment in Sep 2018 increased 230K, more than the 185K forecast. Today, the US Factory Orders report for August 2018 will be release...
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EUR/JPY Could Continue to Climb Towards 129.00

Key Highlights The Euro made a nice upside move and traded above the 127.00 resistance against the Japanese Yen. There was a break above a key bearish trend line with resistance at 1.2670 on the 4-hours chart of EUR/JPY. The Nikkei Manufacturing PMI for August 2018 (Prelim) increased from 52.3 to 52.5. Today, the Euro Zone Manufacturing PMI for August 2018 (Prelim...
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EUR/JPY Likely Formed Short-term Top

Key Highlights The Euro found a strong selling interest near 132.00 and declined against the Japanese Yen. There was a break below a major bullish trend line with support at 131.80 on the 4-hours chart of EUR/JPY. The Euro Zone CPI increased 0.1% in June 2018 (MoM), less than the last +0.5%. Today in the UK, the Retail Sales figure for June 2018 will be released, ...
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Can EUR/JPY Move Above 131.50 Resistance?

Key Highlights The Euro found support near 129.20/30 and recovered higher against the Japanese Yen. There is a major bearish trend line in place with resistance near 131.30 on the 4-hour chart of EUR/JPY. The Euro Area Gross Domestic Product in Q1 2018 (Prelim) came in at 0.4%, similar to the forecast. Today, the Euro Zone CPI for April 2018 will be released, whic...
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EUR/JPY Downsides Remain Supported Above 132.60

Key Highlights The Euro remains in a crucial uptrend and is positioned well above 132.00 against the Japanese Yen. There is an important bullish trend line formed with support at 132.60 on the 4-hours chart of EUR/JPY. The pair may correct in the short term, but it remains supported around 132.75 and 132.60. Today, the ECB interest rate decision is lined up, and t...
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