Get latest breaking forex and currency news here.
July 22
Tuesday 22 July 2014 23:25

EUR/JPY Nears Bullish Target

Here you can find all the latest breaking forex and currency news about EUR/JPY Nears Bullish Target including currency analysis and forecasts, live foreign exchange rates, central bank interest rates, and currency trading strategies from experienced fx traders and forex platforms.

EURJPY longs from Tuesday (121.70) are nearing the 123.20 and 124.00 targets. 123.20 is the 50% retracement of the decline from 127.70 (February high) and 20 day average. 124.00 is an admittedly agressive objective that rests between 2 technical measures; the trendline that extends off of February highs is at 123.90 today and the 61.8% retracement is at 124.27. Risk at this point is moved up to 121.75.

The EURUSD is testing trendline resistance but 1.3075 is the pivot. The Daily Technicals cover strategy in more detail.

--- Written by Jamie Saettele, CMT, Senior Technical Strategist for

To contact Jamie e-mail Follow me on Twitter for real time updates @JamieSaettele

Subscribe to Jamie Saettele's distribution list in order to receive actionable FX trading strategy delivered to your inbox.

Jamie is the author of Sentiment in the Forex Market.

DailyFX provides forex news on the economic reports and political events that influence the currency market.
Learn currency trading with a free practice account and charts from FXCM.

The article above is about breaking forex and currency news regarding EUR/JPY Nears Bullish Target, if you have any question about it. Please contact us by using the link below. Thanks for your patience.

  1. FX Reversals EURUSD Intraday Breakout
  2. FX Reversals: EURUSD Intraday Breakout
  3. Price & Time: Key Test for the Euro
  4. Managing USD Expectations with EUR/USD, USD/CAD (but not USD/JPY)
  5. Crude Looks To US Inventories, Gold Suffers As Safe-Haven Demand Ebbs
  6. NZD/USD Awaiting Break Of 0.8650 In Absence Of Reversal Candlesticks
  7. USD/CAD Offers Range Trading Opportunities As Consolidation Continues
  8. USD/JPY Aiming Higher With Bearish Candlestick Patterns Lacking
  9. EUR/USD To Extend Declines On Daily Close Below 1.3500
  10. Crude Looks To US Inventories, Gold Suffers As Safe-Haven Demand Ebbs
  11. EUR/USD Risks Further Losses on Sticky U.S. CPI; 1.3450 on Tap?
  12. USD/CHF Overlooks Swiss Trade Balance Data; Focus Turns To US CPI
  13. US Dollar May Rise on Fed Bets as June Inflation Data Tops Forecasts
  14. Crude Oil Rebound Stalls, US Dollar Struggling to Build Higher
  15. Dollar: Can US CPI Break Greenback?s Technical Boundaries?
  16. Dollar Trade Options on CPI Data
  17. 2 Simple Strategies to Help You Trade a Favorable Bounce
  18. Trading Video: Watching Volatility for Risk Cues and US CPI for Dollar Moves
  19. US Dollar Technical Analysis: Struggling to Break Higher
  20. EUR/USD Technical Analysis: Short Position Still in Play
  21. USD/JPY Technical Analysis: Bulls Reclaim Key Chart Barrier
  22. GBP/USD Technical Analysis: Watching for a Downturn
  23. USD/CHF Technical Analysis: Still Flat-Lined Below 0.90
  24. EUR/GBP Technical Analysis: Euro Attempting a Recovery
  25. USD/CAD Technical Analysis: Waiting to Confirm Reversal
  26. AUD/USD Technical Analysis: Still Range-Bound Above 0.93
  27. NZD/USD Technical Analysis: Support Found Below 0.87
  28. Strategy Video: Skewed Potential for EURUSD, GBPUSD and NZDUSD
  29. EUR/JPY Technical Analysis: Testing Above 137.00 Anew
  30. GBP/JPY Technical Analysis: Stalling After Support Break