empty
 
 
31.01.2023 10:10 PM
EUR/JPY accumulates more bullish energy

The EUR/JPY pair is moving sideways in the short term. Escaping from the current range could bring us new opportunities. Now, it stands at 141.44 far above today's low of 140.74. The rate seems undecided also because the Japanese and Eurozone data came in mixed today.

Tomorrow, the Japanese Final Manufacturing PMI is expected to remain at 48.9 points. The Eurozone CPI Flash Estimate is expected to report a 9.0% growth versus the 9.2% growth in the previous reporting period, while Core CPI Flash Estimate may report a 5.1% growth.

In addition, the German Final Manufacturing PMI and Eurozone Final Manufacturing PMI will be released as well.

EUR/JPY Consolidation!

This image is no longer relevant

EUR/JPY found support right above 140.75 again and now it has rallied. It has failed to reach the lower median line (LML) which represents dynamic support indicating strong upside pressure.

Technically, it's trapped between the 140.75 and 141.90 levels. The current range could represent an upside continuation pattern.

EUR/JPY Forecast!

A bullish closure above the 141.90 static resistance should open the door for further growth. This scenario offers a new long opportunity.

On the contrary, making a valid breakdown below 140.75 and through the lower median line (LML) signals a downside movement.

Dapatkan keuntungan dari perubahan nilai mata uang kripto dengan InstaForex.
Unduh MetaTrader 4 dan buka perdagangan pertama Anda.
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    GABUNG KONTES
  • Chancy Deposit
    Isi akun Anda sebesar $3000 dan dapatkan $6000 lebih banyak!
    Pada Desember kami mengundi $6000 dalam promo Chancy Deposit!
    Dapatkan kesempatan untuk menang dengan melakukan deposit sebesar $3000 pada akun trading Anda. Setelah memenuhi persyaratan ini, Anda telah menjadi partisipan promo.
    GABUNG KONTES
  • Trade Wise, Win Device
    Top up akun anda dengan dana minimal $500, daftar kontes, dan dapatkan peluang untuk memenangkan perangkat seluler.
    GABUNG KONTES
  • 100% Bonus
    Kesempatan langka untuk mendapatkan bonus 100% pada deposit anda
    DAPATKAN BONUS
  • 55% Bonus
    Ajukan bonus 55% pada setiap deposit anda
    DAPATKAN BONUS
  • 30% Bonus
    Raih bonus 30% setiap kali anda top up
    DAPATKAN BONUS

Artikel yang direkomendasikan

Tidak bisa bicara sekarang?
Tanyakan pertanyaan anda lewat chat.
Widget callback