EUR/JPY: Downsides Remain Limited Below 131.50

Key Highlights The Euro is trading in a positive zone above the 131.50 pivot level against the Japanese Yen. There is a crucial bullish trend line forming with support at 131.60 on the 4-hours chart of EUR/JPY. The US Consumer Price Index in March 2018 increased 2.4% (YoY), more than the last +2.2%. Today, the ECB Monetary Policy Meeting Account will be released, ...
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Can EUR/JPY Recover Above 132.50?

Key Highlights The Euro made a major top near the 137.50 level against the Japanese Yen. There was a break below an important bullish trend line with support at 134.20 on the daily chart of EUR/JPY. The German GfK Consumer Confidence for April 2018 posted a minor rise from 10.8 to 10.9. Today, the German CPI report for March 2018 (Prelim) will be released, which i...
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EUR/JPY: Is This Upside Break in Euro to Yen?

Key Highlights The Euro started a nice upside move from the 130.50 swing low against the Japanese Yen. There was a break above a crucial contracting triangle with resistance at 131.60 on the 4-hours chart of EUR/JPY. The pair could gain traction if it continues to find support near 131.50. Today, the German CPI figures for Feb 2018 will be released, which is expec...
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EUR/JPY Decline Looks Real, Can 131.50 Hold Losses?

Key Highlights The Euro traded lower recently and declined below 133.00 against the Japanese Yen. There is a significant declining channel forming with resistance at 132.60 on the 4-hours chart of EUR/JPY. The Euro Area Construction Output increased 0.1% (seasonally adjusted) in Dec 2017, better than the forecast of -0.7% (MoM). Today, the German PPI report for Ja...
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EUR/JPY Carving Top or Correcting Lower?

Key Highlights The Euro after a solid upside move formed a high at 136.63 against the Japanese Yen. The EUR/JPY pair moved down sharply and broke a crucial bullish trend line with support at 135.25 on the 4-hours chart. The pair must stay above 134.40 to avoid any further declines in the near term. Today’s German Trade Balance report for Nov 2017 could have a po...
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EUR/JPY: Here is Why 132.60 is Significant

Key Highlights The Euro failed to move above 133.80 recently and corrected lower against the Japanese Yen. EUR/JPY is approaching a major break as there is a contracting triangle forming with support at 132.60 on the 4-hours chart. The US Core CPI in Nov 2017 posted an increase of 1.7%, less than the forecast of 1.8% (YoY). The feds raised interest rates from 1.25...
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EUR/JPY – Euro at Risk of Declines Vs Japanese Yen

Key Highlights The Euro is trading in a broad range above the 131.20 support area against the Japanese Yen. There is a crucial bearish trend line forming with resistance at 133.25 on the 4-hours chart of EUR/JPY. Japan’s Retail Trade in Oct 2017 was unchanged, whereas the market was looking for a 0.2% rise (MoM). The US GDP figure for Q3 2017 will be released to...
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EUR/JPY – Euro at Risk of More Declines Vs Japanese Yen

Key Highlights The Euro faced a lot of offers near 133.00 against the Japanese Yen, and started a downside move. There is a major bearish trend line forming with resistance at 132.40 on the 4-hours chart of EUR/JPY. Euro Area’s Retail Sales in Sep 2017 increased 0.7% (MoM), more than the forecast of +0.6%. Spain’s Industrial Output Cal Adjusted for Sep 2017 wi...
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EUR/JPY – Euro To Japanese Yen’s Long Term View

Key Highlights The Euro is in a solid uptrend from the 115.00 swing low against the Japanese Yen, but facing hurdles near 134.50. There was a break above a monster bearish trend line at 120.00 on the weekly chart of EUR/JPY. Recently, the Germany’s consumer price index preliminary reading for Oct 2017 came in at 1.6% (YoY), less than the forecast of +1.7%. Today...
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EUR/JPY – Euro Eyeing Upside Break Vs Japanese Yen?

Key Highlights The Euro continues to trade above a major support area at 131.75 against the Japanese Yen. There are two important bearish trend lines forming with resistance at 132.60-80 on the 4-hours chart of EUR/JPY. Japan’s New Machinery Orders rose 3.4% in August 2017 (MoM), compared with the forecast +1.1%. Today in the US, the FOMC meeting minutes will be...
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