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 DailyFX.com
To contact Jamie e-mail jsaettele@dailyfx.com. 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.
- U.S.'s Kerry samples Palestinian shawarma and sweets
- Italy Industry Minister asks Fiat to stay in Italy
- UPDATE 4-Islamists kill 20 in suicide attacks in Niger
- Berlin hopes efforts on youth jobs will help its image in Europe
- EU pledges 5 bln euros funding for electronics research
- TREASURIES-Bond prices flat as possible Fed tapering spurs worry
- Europe Gasoline/Naphtha-Supported by lower supply
- TREASURIES-Bond prices flat as possible Fed tapering spurs worry
- Boy Scouts of America set to vote on gay youth ban
- U.S. SEC charges ex-LPL adviser with $2 mln civil fraud
- Europe Power-Spot up on low German wind output, French cold
- Hundreds mourn Oklahoma tornado victim, schoolgirl who liked to sing
- U.S. economy to gather pace next year-NY Fed economists
- WRAPUP 4-U.S. jobs, housing data show economy has some muscle
- North Sea Crude-Forties firmer, but remain under pressure
- UPDATE 1-Glencore says Iran metals swap deals did not violate sanctions
- Ghana cabinet approves $1 bln Eurobond for July - fin min
- FED FOCUS-U.S. Fed enters delicate new phase of communication
- Battle-scarred Goldman CEO unveils safeguards to avoid mistakes
- The Answer to That Burning USD/JPY Question
- Proxy advisory firm settles U.S. SEC charges over voting data breach
- UPDATE 1-Ply Gem shares rise in NYSE debut
- GLOBAL ECONOMY-U.S., China factories struggle; Fed hints at less stimulus
- Glance-METALS-Copper falls after China factory data hits recovery hopes
- UPDATE 2-S.Africa holds rates but cut 'was on table'
- BRIEF-Goldman Sachs says released Business Standards Committee impact report
- DIARY - HUNGARY - to June 30
- Fed's Williams: No 'autopilot' by Fed if tapering starts -Bloomberg
- Pescanova's ex-chairman charged with falsifying information
- U.S. carbon tax could boost revenue, curb climate change - report