USD/JPY is pressured by resistance
USD/JPY has declined from 111.70 and went into consolidation around 107.50.
EUR/JPY looks grim
Information is not investment advice
The current risk aversion is encouraging the safe-haven demand for the JPY, while the weakness of the euro area’s economy is hurting the EUR. As a result, EUR/JPY will likely remain under pressure. Last week’s attempt of the pair to recover failed. Now there are all reasons to expect the continuation of the slide to lower levels, especially as long as the euro remains below the weekly pivot point at 117.18. The evident target is the 78.6% Fibonacci retracement level of the 2016-2018 advance at 115.40.
Elizabeth Belugina
Similar
STOCKS: mystery ahead
S&P was looking upwards just a day ago. Something changed?
Levels to trade AUD/USD
After hitting a multiyear low just above 0.5500 on March 19, AUD/USD has formed a higher low in the 0.5720 area.
Popular
GBP or NZD: which currency has potential?
These days the US dollar has a lock on everyone’s attention. However, there are some interesting cross-currency movements that you can gain from.
USD/JPY is pressured by resistance
USD/JPY has declined from 111.70 and went into consolidation around 107.50.
STOCKS: mystery ahead
S&P was looking upwards just a day ago. Something changed?
Choose your payment system
