empty
29.09.2023 05:57 PM
EUR/JPY retesting buyers

The EUR/JPY pair is trading in the green at 158.08 at the time of writing. In the short term, it has retreated a little after its strong growth. Still, the Japanese Yen Futures maintain a bearish bias, so a deeper drop should force the JPY to lose more ground versus its rivals.

Fundamentally, the Japanese and the Eurozone data came in mixed and brought some volatility during the day. Still, it seems that the technical factors should drive the price in the short term.

EUR/JPY Swing Higher!

This image is no longer relevant

As you can see on the H1 chart, the bias is bullish as long as it stays above the uptrend line. It has retested the weekly pivot point of 157.79 and now it is trying to resume its growth.

It is challening the median line (ml) which represents a dynamic resistance. Moreover, the former high of 158.33 represents an upside obstacle as well.

EUR/JPY Outlook!

A new higher high, a bullish closure above 158.33 activates further growth and brings new long opportunities. Stabilizing above the median line (ml) may announce a potential growth towards the upper median line (ml).

Ralph Shedler,
Analytical expert of InstaForex
© 2007-2025
Select timeframe
5
min
15
min
30
min
1
hour
4
hours
1
day
1
week
Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST

Recommended Stories

How to Trade the GBP/USD Pair on June 26? Simple Tips and Trade Analysis for Beginners

Analysis of Wednesday's Trades 1H Chart of GBP/USD On Wednesday, the GBP/USD pair continued its upward movement, which had begun on Tuesday. As a reminder, Tuesday brought news

Paolo Greco 06:38 2025-06-26 UTC+2

How to Trade the EUR/USD Pair on June 26? Simple Tips and Trade Analysis for Beginners

Analysis of Wednesday's Trades 1H Chart of EUR/USD On Wednesday, the EUR/USD currency pair traded with low volatility for most of the day and showed no intention of moving

Paolo Greco 06:38 2025-06-26 UTC+2

Trading Recommendations and Analysis for GBP/USD on June 26: The Pound Calmly Awaits the Right Moment

The GBP/USD currency pair remained immobile for most of Thursday. Let's recall that the pair reached its three-year high this week, and even after this significant event, no correction began

Paolo Greco 03:39 2025-06-26 UTC+2

Trading Recommendations and Analysis for EUR/USD on June 26: Total Flat in an Empty Calendar

The EUR/USD currency pair showed absolutely no movement throughout Wednesday. Volatility was minimal. What's most interesting is that the flat occurred at the highest levels seen in three years

Paolo Greco 03:39 2025-06-26 UTC+2

GBP/USD: Trading Plan for the U.S. Session on June 25th (Review of Morning Trades)

In my morning forecast, I highlighted the 1.3591 level and planned to make trading decisions based on it. Let's look at the 5-minute chart and see what happened. The pair

Miroslaw Bawulski 18:25 2025-06-25 UTC+2

EUR/USD: Trading Plan for the U.S. Session on June 25th (Review of Morning Trades)

In my morning forecast, I highlighted the 1.1584 level and planned to make trading decisions based on it. Let's take a look at the 5-minute chart and analyze what happened

Miroslaw Bawulski 18:21 2025-06-25 UTC+2

How to Trade the GBP/USD Pair on June 25? Simple Tips and Trade Analysis for Beginners

Analysis of Tuesday's Trades 1H Chart of GBP/USD On Tuesday, the GBP/USD pair continued its upward movement, even stronger than the EUR/USD pair. The reason behind the new rise

Paolo Greco 06:36 2025-06-25 UTC+2

How to Trade the EUR/USD Pair on June 25? Simple Tips and Trade Analysis for Beginners

Analysis of Tuesday's Trades 1H Chart of EUR/USD The EUR/USD currency pair continued its upward movement on Tuesday overall. This time, the market witnessed an entire circus act performed

Paolo Greco 06:36 2025-06-25 UTC+2

Trading Recommendations and Analysis for GBP/USD on June 25: The Pound Did Not Follow the Euro's Lead

On Tuesday, the GBP/USD currency pair traded very differently from the EUR/USD pair, which is rare. The British pound rose not only on Monday evening but throughout the night

Paolo Greco 03:35 2025-06-25 UTC+2

Trading Recommendations and Analysis for EUR/USD on June 25: Technical Factors Unexpectedly Halted the Dollar's Decline

The EUR/USD currency pair traded relatively calmly throughout most of Tuesday, though there were still some "spikes." The first significant "spike" in recent days occurred Monday evening when the market

Paolo Greco 03:35 2025-06-25 UTC+2
Can't speak right now?
Ask your question in the chat.
Widget callback
 

Dear visitor,

Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of InstaFintech Group including online trading, online transfers, deposit/withdrawal of funds, etc.

If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.

Why does your IP address show your location as the USA?

  • - you are using a VPN provided by a hosting company based in the United States;
  • - your IP does not have proper WHOIS records;
  • - an error occurred in the WHOIS geolocation database.

Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaForex anyway.

We are sorry for any inconvenience caused by this message.