EUR/JPY Technical Analysis: Corrective downside could test the 100-day SMA at 119.59

EUR/JPY is extending the correction lower following the renewed demand for the safe haven JPY.
The continuation of the leg lower could see the key 100-day SMA near 119.60 re-tested in the short-term horizon ahead of the 55-day SMA just above 119.00 the figure.
On the flip side, the resumption of the bullish mood continues to target the area of recent tops in the mid-121.00s.

EUR/JPY daily chart

Nov 11, 2019

UK: Economy grew 0.3% in 3Q – ING

James Smith, developed markets economist at ING, points out that the UK economy grew by 0.3% in the third quarter, although the ongoing distortions of

Devamını oku Previous

Nov 11, 2019

NZD/USD climbs to daily highs near 0.6370 on broad USD weakness

The NZD/USD pair lost more than 100 pips last week weighed by the broad-based USD strength and uncertainty surrounding the United States (US) - China

Devamını oku Next